The Foreign Trade Board, a Brazilian federal government policymaking agency, has reduced the rates charged on 193 pieces of industrial machinery and equipment from 16% and 14% to 2%.
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IMF staff met in Kenya with officials of the new government of Somalia and discussed ways to help the country develop a macroeconomic policy. Creating a new currency was one of the issues discussed.
In the third week of June, Brazilian exports exceeded imports by US$ 1.294 billion. Year-to-date, however, the country is running a deficit.
The organisation signed a memorandum of understanding with the Foreign Investment Promotion Agency (Fipa), in Tunis. The objective is to promote cooperation between both organisations to foster business.
Thirteen Egyptian companies are engaging in matchmaking rounds this Monday at the Arab Brazilian Chamber headquarters in São Paulo. They export spices, herbs and medicinal plants.
Hamad Bin Khalifa Al Thani, aged 61, said on Monday that he will hand power to crown prince Tamim, aged 33.
The Brazilian federal government decided to lift the tariff for purchases of the product from other countries – which was 10% – up until November 30th. The measure is designed to help fight inflation.
An agreement signed between Apex, Abimo and organizers of Arab Health forecasts greater prominence of the Brazilian stand at the medical products fair to be held in Dubai in January.
Representatives of the Food Security Council of Egypt came to the country to learn about the Food Acquisition Programme, which generates food safety to the poorer population.
Businessmen from Egypt and Tunisia will be in the country next week attending matchmaking rounds, visits to supermarkets and trade shows. The Egyptians export spices and the Tunisians sell foodstuffs.
The Central Bank forecasts US$ 5.5 billion in inflow into the Brazilian productive sector. In the same period in 2012, the total was US$ 5.8 billion. In 12 months, the value is the highest since December last year.
The funds turned by the European country to the United Nations Relief and Works Agency for Palestine Refugees have increased from US$ 12.5 million to US$ 16.1 million a year.
The Brazilian industry saw an increase in sales May-on-May, as well as in May from April and year-to-date.
The sector is hopeful that competitiveness should increase as a result of the lowered PIS and Cofins contributions. The measure became effective in mid-May to curb the importation hike in the country.
