Following a meeting with local authorities, IMF staff claim the Arab country is on track to growth and economic rebound, but needs to reduce its deficit and create jobs.
Businessmen from the African country wish to buy directly from Brazilian exporters products such as beef, poultry, sugar, juices, footwear and clothing, according to the Arab Chamber’s CEO, Michel Alaby.
Expansion plan of the energy sector forecasts an increase of 55% in power generation in Brazil until 2024.
The Organization for Economic Co-operation and Development claims the country is in recession and estimates the economy should contract by 2.8% in 2015 and 0.7% in 2016.
Heightening exports and imports was the topic of meetings between the Brazilian foreign minister Mauro Vieira and local authorities in his visit to Lebanon.
Company from the United Arab Emirates is attending the hospitality sector fair Equipotel and is planning to expand sales in Brazil. The unfavorable foreign exchange rate is momentary challenge in the company’s assessment.
The government grants tax exemptions and other benefits to foreigners interested in exploring certain sectors. The Arab Brazilian Chamber of Commerce CEO Michel Alaby is currently on a trip in the country.
An international meeting on tourism and communication will take place in November in the Arab country. It is an attempt to regain the trust of foreign tourists in the wake of terrorist attacks.
According to the Ministry of Agriculture, the total produced by Brazilian crops and pastures reaches US$ 122.58 billion this year.
The country produced 725 million dozen eggs in Q2 of this year. According to the Brazilian statistics institution, it was the highest volume of production since the survey started in 1983.
Rula Maayaa Albandak, Palestine’s minister of Tourism, will visit the country this month to promote Palestine’s main destinations to businessmen and authorities from the sector. She will also attend a fair in São Paulo.
Mauro Vieira will go through an official schedule in the Arab country. This Monday, he took part in a ceremony with Navy officers that rescued refugees in the Mediterranean Sea.
Measures announced this Monday are intended to add US$ 16.7 billion to the Brazilian Federal Budget in 2016, between spending cuts and increased revenue collection.
Exports from the country exceeded imports by US$ 888 million last week. In the first week of September there was a surplus as well. Month-to-date, the surplus stands at US$ 1.4 billion.
