The Maritime Transport Group (GATMA) reached an agreement with wheat and powder milk industry associations that provides for the use of Algerian-owned vessels in imports.
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Brazil ran a USD 2.3 billion surplus last month, the lowest for the month since 2010. Both exports and imports slid.
The industry grossed BRL 6.75 billion, down 12% year-on-year, and exports are also on their way down.
The emirate imported USD 2.1 billion worth of food and agricultural products in 2018. The sum is down marginally from 2017 numbers.
Purchases of chemical products from other countries came out to USD 20.4 billion in the first half of the year, up 6% year-on-year.
Brazil’s Foreign Trade Association has toned down its predictions on imports and foreign trade. Estimates regarding exports and the trade surplus moved up.
Exports came out to USD 4.4 billion last week, with imports amounting to USD 2.7 billion.
Exports by the bloc’s members were up a meager 0.4% in Q1, while imports slid by 1.2%. The organization points out the negative effects of the USA-China trade war.
An index from the WTO shows growth falling short of medium-term trends, and the performance seen in the first three months of the year might repeat itself.
The deputy CEO for the emirate’s export agency, Mohammed Kamali, visited the Arab Chamber this Tuesday and said the organization intends to be at more events across the country.
Overall imports to Brazil were down 1.2% in April, while capital goods imports dropped by 10%. The surplus was the second widest on record for the month.
Goods removed from duty list include beef and other food products.
Poultry meat is no longer required to undergo slaughter-through-shipping inspection by an Egyptian-accredited veterinarian. Arab Brazilian Chamber president expects the cost of selling to the Arab country to drop by 10%.
The first two months of the year saw a USD 810 deficit, up 11% from a year ago. Both exports and imports picked up.
