As Brazil’s economy grapples with recession, José Roberto Mendonça de Barros said in a lecture at the Arab Brazilian Chamber that businesses must redouble their export efforts.
Exports to the two countries declined in Q1, both in volume and revenues. Sales overall also slid down over the same period in 2015.
Shipments of the product to Arab countries totaled 338,700 bags in Q1 of this year, against 355,300 bags from January to March of 2015. Revenues generated declined even further at 17% in the same comparison.
The National Confederation of Industry (CNI) revised down its forecast for the Brazilian GDP in 2016, going from 2.6% to 3.1%.
In its report World Economic Outlook, the fund warns for a more modest growth of the economy and revises down the forecast for the GDP growth of Brazil and Arab countries.
Resources will fund actions for the marketing of products and services of seven Brazilian sectors abroad.
Forecast for the next year calls for an increase of 5% in the sector. Analysis of Dubai’s Chamber of Commerce and Industry says there are opportunities in luxury retail.
Brazilian exports surpassed imports in the first six business days of the month, according to the Ministry of Development. Year-to-date, surplus stands at USD 10 billion.
Financial institutions surveyed by the Brazilian Central Bank are expecting a price raise of 7.14% in 2016, marking the fifth consecutive time the forecast is revised down. Last week it was 7.28%
Artists from around the world can sign up to take part in the ‘Visa for Music’ festival, which gathers the music industry and is an opportunity to launch the careers of these musicians.
Ministry of Development opens 30-day public consultation on modifications on nomenclature and common external tariffs of products such as CT scan equipment and acetoin.
Sesc Santo Amaro will promote three activities in April focused on the Arab presence. The program starts Sunday (10) with a concert and includes a debate with refugees and a theater play.
Region appears at third place in list of largest importers of Brazilian agricultural products in March. Exports revenues totaled USD 724.3 million, with Iran being the highlight.
An agreement was signed with the Brazilian Development Bank to make available the company’s technological solutions for the rehabilitation of degraded areas, sustainable use and forest monitoring.
