The country sold primary products with lower added value than in February. The movement was fostered mainly by metals, which includes iron ore and bauxite, among others.
Inbound US dollars exceeded outbound by US$ 391 million in March in Brazil, countering January and February results.
The chair created by the Brazilian architect, with digital resources, was the symbol of Design Days Dubai, a furniture and collection object fair that took place in the Emirates in March. The item was successful and Requena plans to return to the Arab world for talks and exhibition in galleries.
Saudi Arabia and Japan were the only two countries whose chicken imports from Brazil increased in March. Overall, the industry saw a decline in export volume and revenues.
Agreements signed during Michel Temer’s visit establish political consultation mechanisms, a joint commission, and sports cooperation. The Brazilian vice president visited company Vale’s facilities in the Arab country.
The government aims to increase the total the country has in foreign currency from US$ 13.5 billion to US$ 16 billion by late June. An IMF delegation should arrive in Cairo on Wednesday. Total of the agreement may change.
Production of capital goods grew from January to February this year. It was the only industrial sector to present a positive result in the period.
A meeting at the Arab Brazilian Chamber should show the main investment and trade opportunities with the Arab country. Representatives of the Moroccan Investment Promotion Agency will be in Brazil to talk to local businessmen.
Arab Brazilian Chamber president Marcelo Sallum and CEO Michel Alaby are in a delegation with vice president Michel Temer, who is visiting the country. Agreements provide for cooperation and a Business Council.
The latest edition of Arab Chamber TV features the talk ‘Economic Scenarios of Arab Countries in 2013,’ Palestine’s status as a UN observer state, Brazil’s trade relations with the Arab World, an interview with Fabio Saldanha of the company Quickly Serviço, and Arab influence in samba music.
The Consumer Expectation Index was up in March following three straight months on a downward curve, according to the National Confederation of Industry.
Foreign sales from Brazil averaged at US$ 19.323 billion in March, down 7.6% from March 2012. The average per working day, however, was US$ 966.2 million, up 1.6% from March last year.
Brazil’s vice president, Michel Temer, is visiting Oman and calls for the local government to support Brail’s candidate to the WTO and the promotion of the Expo 2020 in São Paulo. He said that Brazilian companies hope to invest in the Arab country.
Although it has been completed, the new terminal in Doha does not meet safety requirements of the Civil Defence Department.
