Current transactions in Brazil ran a US$ 6.8 billion deficit in November, resulting in a year-to-date deficit of US$ 45.8 billion, according to the Central Bank.
Export-boosting program by Export Promotion Agency (Apex) and Rice Industry Association (Abiarroz) will carry out promotional actions in eight countries. Jordan and Saudi Arabia are in the list.
Alwaleed Bin Talal and Kingdom Holding Company, the company he chairs, have acquired a US$ 300 million stake in Twitter. The enterprise is known to invest in media.
Presidents of Brazil, Argentina, Paraguay and Uruguay will meet next Tuesday (20th) at the Mercosur Summit to discuss increasing the Common External Tariff on a list of 100 to 200 products.
The decline in Libyan oil production and exports due to the civil war has caused losses of US$ 20 billion. The country, however, is already producing 1 million barrels per day.
The Brazilian balance of trade went back to a surplus last week, at US$ 542 million, after having run a US$ 731 million deficit in the preceding week.
Official announcement was made Saturday (17th) by International Federation of Association Football (Fifa) president Joseph Blatter. The tournament will be held in the Arab country in 2013 and 2014.
Chamber and Apex will bring consultants from Arab countries to meet with Brazilian companies at the tiles and stones fair in 2012. These professionals help decide on materials for works in the region.
After meeting with the president of the world’s newest country, the International Monetary Fund’s managing director claims, however, that the nation is able to realize the dreams of its population.
Around 40 Arab buyers will visit the largest shoe and leather product fair in Latin America in January. The presence of businessmen from the region grew 45% from 2010 to 2011.
The bus body manufacturer based in the state of Rio Grande do Sul estimates that 200 units should be made at its factory in 2012. This year, the volume was lower than that due to the Arab Spring.
The two parties have promised to sign a free trade treaty at the summit of the South American bloc in Montevideo, Uruguay. Palestinians are seeking the recognition of the state at the UN.
Dilma said she will "grant special attention" to the Arab region of the continent next year. Latin America and Africa are going to continue as priorities for Brazilian foreign policy.
The Brazilian president Dilma Rousseff stated that her economic growth target for 2012 is 5%. She showed optimism and said inflation will remain under control.
