According to Brazil’s Ministry of Tourism, in the first half this year, R$ 6.1 billion were granted to companies in the industry. In the same period of 2012, loans amounted to R$ 5 billion.

The money will be deposited and used by the group’s countries to stabilize exchange rates and help them through financial issues. Negotiations for the creation development bank are moving forward.

Erbil ‘has become a gateway’ into the country, according to the Brazilian ambassador to Baghdad, Anuar Nahes. Brazil will attend a fair in the city and is bidding for an authorization to export beef.