Figures released by Brazil’s Motor Vehicle Manufacturers Association indicate a 31.9% increase in production in January 2013 from January 2012. Sales during the month reached 297,200 units.
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In an event promoted on Wednesday, the organisation presented figures and perspectives for the Arab market and discussed demands of companies who do business in the region.
Brazilian industry revenues were up 2.4% last year from the preceding one. To the National Confederation of Industries (CNI), however, it was a bad year for the processing industry.
Representatives of the federal government, of Minas Gerais and of FGV should participate in the Government Summit promoted by the Emirates, on the 11th. Focus is implementation of government programs.
Purchases from April to July will be exempted from the 10% aliquot due to fear of domestic market undersupply.
According to Brazil’s minister of Finance, Guido Mantega, the bids should take place before the first half of the year is through. The auctions will start in a month.
IMF says the macroeconomic policies of the Arab country are solid, but observes that local authorities need to promote more reforms to guarantee the wellbeing of the population.
The Arab country is one of the markets in which the sector will develop trade promotion this year and next. There should be an event to strengthen the image of Brazilian shoes in 2014.
In an event turned exclusively to associates, CEO Michel Alaby should discuss financial sceneries and business possibilities with the Arab countries. The talk is scheduled for Wednesday.
A Precautionary Stand-By Arrangement is being discussed, meaning that the country does not plan on borrowing the funds, but may do so if it needs to.
In December, Brazil attained a record-breaking production average of 76.2 million cubic metres per day. It was the third consecutive month of increased extraction.
The airline from Abu Dhabi made 200% more. Revenues grew 17% and the company attributed the result to partnerships with other airlines.
Financial market analysts have maintained estimates for growth of the Brazilian economy in 2013, according to the Central Bank.
The institution is seeking Brazilian banks to issue letters of credit for deals closed in Sudan between companies in both countries.
