The company had a business plan to meet 80% of domestic demand within five years but is now considering making Brazil 100% self-sufficient in diesel over the same period. Prices have surged due to the war in the Middle East.
Browsing: imports
The Brazilian government has scrapped import duties on machinery and IT products whose tariffs had been raised in February, after hearing from companies that cited a lack of domestic production and insufficient supply in the local market.
Najeem Salim Rawther is the head of trading company Falcon. He is part of a business delegation in Brazil to explore opportunities in the fruit sector under an ApexBrasil project.
The company Fouta Harissa is bringing to the Brazilian market a Tunisian textile originally used in hammam baths that became known in Europe as a Mediterranean beach accessory. The items are made by artisans in Tunisia.
In the first two months of the year, 3,400 pairs were imported from the Arab country, more than double the same period last year, according to Abicalçados data.
Federal decree establishes rules that may be applied when imports from a country with which Brazil has a trade agreement cause serious harm to domestic industry.
Nine years after entering into force, the free trade deal between the Arab country and the South American bloc reaches its final stage of import tariff reductions.
The Brazilian government temporarily removed tariffs on 421 capital goods and IT products and 638 types of auto parts. Additionally, 20 industrial and agricultural inputs will now enter the country duty-free.
Brazilian exports to the Arab market grew 10% compared to January of last year, reaching a total of USD 1.98 billion. Imports are declining.
The Brazilian market bought fewer fertilizers from abroad in November last year. However, cumulative imports from January to November are still up.
Bovine heparin is used in clinical therapies. Approval for sales to the Gulf country was announced by Brazil’s agriculture and foreign affairs ministries.
Brazil’s agriculture and livestock sector earned USD 169.2 billion from exports last year. Despite a slight drop in average prices, higher volumes sustained the performance.
A survey by CNI and Funcex found an increase in the share of imported goods in Brazilian consumption in 2024, especially higher-value, technology-intensive products from China. The use of imported inputs also rose.
Through November this year, Brazilian exports to the Arab country rose 1.3%, while imports were 9.2% higher than in the same period last year.
