The UN agency’s 15th quadrennial session will take place in the Caribbean island; the United Arab Emirates is hosting the World Investment Forum and the Asia eCommerce Week.
Browsing: trade
It will be two years in September since the free trade agreement entered into effect, and sales are still less-than-satisfactory. A move must be made toward more products and more sales, according to the Bilateral Trade Agreements director at Egypt’s Ministry of Trade and Industry, Michael Gamal Kaddes.
Brazil registered a USD 10.9 billion surplus in the first quarter, an 11% drop over the same period of 2018. In March, the balance stood at USD 5 billion, a 22% reduction.
Although February saw a negative result, the deficit was narrower than a year ago.
Trading volume grew in four areas of the segment, including supermarkets.
The number was the result of USD 5.406 billion in exports and USD 3.64 billion in imports.
According to survey, Brazilian trade generated 2.66% more this year than in the same period of 2017.
An index from think tank FGV which tracks business owner outlook climbed 5.7 points in December from November of this year.
Brazil’s AEB forecasts foreign sales will fetch USD 220 billion next year, down 7.7% from 2018. Imports are expected to go up, making for a narrower trade surplus.
On the eve of the bloc’s summit, in Buenos Aires, OECD reported that exports rose only 0.3%, with imports up 0.7%, a reflection of protectionist measures taken by the member countries.
The World Trade Outlook Indicator, measured by the organization, is at 98.6 points, the lowest level since October 2016, which signals a possible slowdown in 2018’s last months.
Such was the total amount of imports, exports and re-exports to and from the emirate during the first half of 2018.
The business meeting will take place on November 7, in São Paulo, and will be attended by the country’s minister of Investment and International Cooperation, Sahar Nasr, and Mohab Mamish, chairman of the Suez Canal Authority, plus business owners.
The organization’s new forecast for growth in trade volume in 2018 went from 4.4% to 3.9% in face of the trade war between the United States and China and the volatility in exchange rates.
