The Arab country has cleared imports of items including canned chicken meat, chicken nuggets, chicken sausage, and chicken mortadella. Egyptians are looking for alternatives to high-priced beef protein.
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Legal tools for doing due diligence are key when it comes to entering into export contracts with companies big or small. So said Arab and Brazilian attorneys-at-law featured in a webinar this Wednesday (8).
A webinar this Wednesday morning (8) covered available banking instruments to ensure safe transactions for Brazilian and Arab product importers and exporters alike.
The administration convened this week to outline actions intended to keep exchange rate fluctuations in check and protect purchasing power.
The Brazilian Health Regulatory Agency (Anvisa) authorized formerly prohibited imports and donations of used equipment essential to intensive care units.
The country purchased more product from abroad this month, in spite of the uncertainty surrounding the global economic scenario. Goods whose imports went up include wheat, fertilizers, sanitary items, ethylene polymers and electric generators.
The items the Gulf country purchases from abroad the most are iron ore, aluminum oxide and four-wheel drive automobiles.
Sales amounted to USD 11.3 billion year-to-date through November, with agricultural and mineral commodities leading the way.
Exports from Brazil to the region were up nearly 40% year-to-date through November, with sales to the biggest markets increasing.
Foreign sales slid by 20.4% year-on-year to USD 18,23 billion. The trade surplus narrowed by 80%.
Revenue from foreign sales came out to USD 9.3 billion year-to-date through September.
Brazil ran a USD 2.2 billion surplus last month as exports cooled off and imports climbed, prompting the government to revise its yearlong estimate.
The deficit narrowed as a result of a 5.5% hike in exports and a 4.4% drop in imports.
Foreign sales fetched USD 4.422 billion and foreign purchases amounted to USD 3.454 billion, leading to a USD 968 million trade surplus.
