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Archive for the ‘Brazil’ Category

Brazil Anticipates 60% Surge in Electric and Hybrid Car Sales in 2024, Despite Import Tax Hurdles

Automotive Industry, Brazil, News

January 5, 2024

In a promising outlook for Brazil’s automotive sector, the local industry group ABVE announced on Friday that sales of fully electric and hybrid vehicles are poised to grow by a substantial 60% in 2024 compared to the previous year.   Representing key players in the electric automobile market, including Chinese giants BYD and Great Wall […]

Brazil Secures $10 Billion in Funding from Banks for South American Integration Projects

Brazil, News, Trade Policy

December 12, 2023

In a significant move aimed at advancing South American integration and enhancing trade while reducing transportation time to Asia, the Brazilian government has successfully orchestrated the raising of $10 billion from multilateral and development banks for infrastructure projects.   The Brazilian development bank, BNDES, is set to contribute $3 billion to this endeavor, primarily for […]

Brazil’s Entry into WTO Civil Aircraft Agreement Boosts Trade Prospects

Brazil, Economic Development, News

November 17, 2023

In a significant development, Brazil has officially become a member of the World Trade Organization’s agreement on trade in civil aircraft. This move has been enthusiastically welcomed by Embraer, one of the world’s leading aircraft manufacturers, as it paves the way for tariff-free imports of vital components from fellow member states.   The approval of […]

Argentina and Brazil Request Financial Aid in EU-Mercosur Trade Talks

Argentina, Brazil, Europe, News, Trade Agreements

October 20, 2023

In ongoing negotiations to finalize a trade agreement between the European Union and South America’s Mercosur bloc, Argentina and Brazil have jointly requested €12.5 billion (approximately $13.2 billion) in financial assistance from the European Union, as per a document seen by Reuters. The request aims to secure support to mitigate the potential challenges posed by […]

Brazil’s Auto Exports Expected to Decline in 2023 Amidst Argentine Economic Crisis

Brazil, International Trade, News

October 5, 2023

The Brazilian auto export industry is poised for a substantial downturn in 2023, according to the recent announcement by the automaker association, Anfavea. This projected decline comes as a direct consequence of the severe economic challenges currently facing Argentina, a key trading partner. Anfavea, in a statement released on Friday, revised its export projections for […]

Brazil Achieves Historic September Trade Surplus, Slightly Below Market Expectations

Brazil, E-commerce Development, News

October 2, 2023

BRASILIA – In a recent release of government data, Brazil announced that its trade surplus for September reached an all-time high, although it fell just short of market forecasts.   According to the data unveiled on Monday, Brazil’s trade surplus for September amounted to $8.9 billion, narrowly missing the $9.2 billion surplus predicted in a […]

Brazil’s President Lula Explores Trade Opportunities with Vietnam

Brazil, International Trade, News, Vietnam

September 25, 2023

Brazilian President Luiz Inacio Lula da Silva announced on Monday that Vietnam has shown interest in establishing a trade deal with the Mercosur bloc, consisting of Brazil, Argentina, Paraguay, and Uruguay. Lula, who is currently chairing the Mercosur group, aims to foster closer relations between Mercosur members and Asian countries. He highlighted the potential for […]

International Trade Council Announces China’s Lifting of Brazilian Beef Import Ban Ahead of Lula’s Visit

Brazil, China, News, Trade Relations

March 24, 2023

The International Trade Council welcomes China’s agreement to immediately resume imports of Brazilian beef, which were halted voluntarily by Brazilian authorities on February 23, following the discovery of an atypical case of mad cow disease. This decision comes days ahead of Brazilian President Luiz Inacio Lula da Silva’s visit to China to expand trade relations […]

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