The balance of US dollar inflows and outflows in Brazil ran a deficit from April 1st to 5th. In March, a US$ 391 million surplus was recorded, following two months on a deficit.
José Roberto Mendonça de Barros believes that the country will have ‘modest’ growth in 2013, but 3% to 3.5% in 2014. Apart from that, China should maintain a high level of expansion and Japan may surprise over the next two years. He gave a talk at the Arab Brazilian Chamber.
Agriculture Ministry figures show that foreign sales increased by 6% from January to March. A commodities analyst claims the performance could have been better if it weren’t for logistics issues.
Foreign Trade Chamber ruling will remain effective from May 1st to July 31st, up to a quota of 80,000 tonnes. Tax exemption for wheat has been raised from 1 million to 2 million tonnes.
Students from five Egyptian universities have translated poems by Latin American and Spanish authors into Arabic. Poetry recitals will take place this Tuesday and Wednesday in Cairo.
Brazil’s production of sugarcane should reach 653.8 million tonnes in the 2013/2014 crop, according to the National Food Supply Company. In the previous cycle, Brazil picked 588.9 million tonnes.
Michel Alaby, the organisation’s CEO, met with the delegation in the Arab country, which has two days of meetings in Brasília. The agenda includes visits to the Lower House and three ministries.
The tax on methanol has been lifted and the tax on lactose powder, silicone gel, and aluminium cans for capacitors has been reduced to 2%.
Brazil’s balance of trade showed a US$ 311 million surplus last week. Year-to-date, however, the country is running a US$ 4.845 billion trade deficit.
Passenger revenues were up 19% to US$ 900 million. The Abu Dhabi airline will start flying to Brazil in June.
Laad Defence & Security begins on Tuesday, in Rio de Janeiro. According to the defence minister, Celso Amorim, Brazil should sell aircraft to Senegal and sign a military aviation agreement with nations in South America.
Financial analysts cut from 3.01% to 3% their forecast for growth of the Brazilian economy in 2013, according to a research by the Central Bank of Brazil. For 2014, the estimate remains at 3.5%.
The exhibition turned to the rice sector should take place from April 16th to the 19th in the city of Pelotas and will have two Arab countries among the buyers: Jordan and Saudi Arabia. They will participate in business roundtables trading 500,000 tonnes of the product.
Brazilian industry should promote actions like business roundtables and trade delegations to the Arab country. Companies bet on product quality for export to the Saudis.
