At the opening of the APAS Show 2025 fair, supermarket sector leaders called for measures to income and combat the indebtedness of the population in Brazil. Acting president Geraldo Alckmin promised to forward the sector’s requests.
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Brazilian industries exported 39 million pairs of footwear in the first four months of this year. Argentina, the United States, and were the largest buyers.
According to the Libyan ambassador in Brasília, Osama Ibrahim Ayad Sawan, cooperation, the strength of the trade balance, and food security were the reasons for his country to exempt Brazil from a new import tax announced.
First-quarter results show USD 26.4 billion in orders but also reveal a USD 76 million loss.
Mercosur foreign ministers’ statement indicates talks will conclude soon, with the agreement set to be signed later this year.
The Libyan Government of National Unity announced selective implementation of a tax on consumption to be levied on imports of items alternatives to which are locally made or whose imports exceed domestic demand. Goods from Brazil will be exempt.
Ministers from the two North Africa countries met with International Monetary Fund technicians in Washington, US to go over cooperation and economic reform implementation.
Consulting firm BMJ Consultores Associados partner Welber Barral believes import tax hikes will fast-track bilateral agreements. A 10% rate has been levied on most Arab countries as well as Brazil. Algeria, Tunisia, Libya, Iraq, Syria, and Jordan will bear the biggest impact.
A delegation from the Brazilian aircraft manufacturer visited the North African country to find regional product and service suppliers for its commercial aviation, defense, and urban air mobility businesses.
The Arab country’s Ministry of Economy and Industry authorized food, chemicals, textiles, and engineering companies to operate in the country in Q1 of this year.
Sales to Middle East and North Africa countries increased in the first quarter of the year despite a slowdown in overall exports from Brazil to the region.
Sales from Egypt to the Brazilian market increased by 99.2% in the first quarter of this year. Shipments from Brazil to the Arab country were also up, especially those of cotton and live cattle.
The Ministry of Commerce, Industry and Investment Promotion presented economic data for 2024, including commercial registrations and foreign direct investment, both of which rose.
A disruption in oil exports impacted the Arab country’s growth last year, but GDP is expected to benefit from the sector’s expansion in 2025, according to the IMF. Libyans are currently producing nearly 1.4 million barrels per day.
