SI Global Group executive seeks refined sugar suppliers to distribute across the emirate. The group aims to import some 30 to 60 containers monthly at first. Purchases could increase after these early shipments.
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The Brazilian government raised the import tariff from 3.8% to 10.8% for 24 months to stimulate the local industry.
Executives from the two institutions discussed how to cooperate to boost Egypt-Brazil trade.
Import tariffs on food items like rice, beans and biscuits as well as construction materials will be reduced by 10%, aiming to curb inflation.
The Brazilian government will allow coffee, margarine, cheese, pasta, sugar, soy oil, and ethanol to enter the country tax-free. The new policy could help contain inflation.
For Jean Stoll of A.P. Moller-Maersk, containers that return to Brazil after exports to the Arabs are still little used. He spoke in a webinar on logistics this Tuesday (6).
The volume purchased by the bloc in the first four months of the year was 678,000 bags of Brazilian produce.
Brazil-based M&K provides advisory, export and import services and operates primarily with the defense and public safety industry. It has sought to widen its share in other segments such as healthcare and commodities.
The import rate on bikes will drop gradually starting March, from a current 35% to 20% in December.
The seaport in Itaqui, Maranhão is adding capacity for incoming fertilizer shipments and power outlets for refrigerated shipping containers. This will enable increased throughput in trade with Arab countries. The Port will be an exhibitor at the Economic Forum Brazil & Arab Countries.
Imports dropped faster than exports, driving a USD 6 billion surplus in September.
A new ruling has exceptionally extended, for one year, duty drawbacks designed to make Brazilian exporters more competitive.
Brazilian Secretariat for Ports director of New Concessions and Port Regulation Policies Fabio Lavor said that despite the pandemic, the highest industry throughput on record is expected this year. He spoke during a webinar hosted by the Arab Chamber and the Union of Arab Chambers this Wednesday (12).
A slowdown in foreign purchases made the gap between the Arab country’s imports and exports grow smaller in the first seven months of this year.
