Archive for the ‘Brazil’ Category

Brazil, China, News, Trade Relations

November 20, 2024

In a landmark state visit, Chinese President Xi Jinping and Brazilian President Luiz Inacio Lula da Silva have elevated the diplomatic and economic relationship between the two nations. This visit underscores the growing collaboration between China and Brazil, two of the world’s largest developing economies, with nearly 40 cooperation agreements signed across a broad range […]

Agricultural Exports, Brazil, News

November 14, 2024

Brazil’s orange juice exports have achieved impressive revenue growth, despite facing production challenges. Between July and September 2024, Brazilian exporters generated USD 905.3 million from orange juice shipments, reflecting a 42.3% increase compared to the same period last year, which saw USD 636.1 million. This surge in revenue underscores the continued global demand for Brazilian […]

Agricultural Exports, Brazil, News

October 30, 2024

In an interesting turn of events, Brazil’s fruit export market is showcasing resilience and adaptability as it navigates challenges within the grape sector. While grape exports have experienced a notable decline in 2024, other fruits, particularly mangoes and limes, are thriving and driving positive trade developments.   Recent data from AgroStat/Mapa, analyzed by Abrafrutas, reveals […]

Brazil, News, Trade Relations

October 24, 2024

G20 ministers gathered in Brasilia on October 24, 2024, to forge a progressive path forward for international trade, focusing on sustainable development and the vital role of women in the global economy. Brazil’s Vice President and Trade Minister, Geraldo Alckmin, proudly announced the agreement, underscoring the commitment to creating an inclusive trading environment that benefits […]

Agricultural Exports, Brazil, News

October 22, 2024

Brazil is set to solidify its position as a leader in global chicken exports, with projections indicating an increase of 100,000 tonnes (2%) in 2025. This growth comes as the global chicken export market is expected to rebound, reaching a record 13.8 million tonnes after two years of stagnation. The United States Department of Agriculture […]

Brazil’s grape exports witnessed significant growth in September, with shipments reaching 3.17 thousand tons, marking an impressive 283% increase compared to August, according to Comex Stat data. While there was a slight 6% dip in export volume from the same period last year, this is primarily due to a short-term supply adjustment in the SÁ […]

Automotive Industry, Brazil, News

February 22, 2024

In recent news, a substantial investment exceeding $1.1 billion is on the horizon for Brazil’s automotive industry, as revealed by Brazilian President Luiz Inacio Lula da Silva. This significant financial injection follows a productive meeting between Lula and a prominent executive figure, held in the capital city of Brasilia.   The proposed investment aims to […]

Brazil, International Trade, Japan, News

January 10, 2024

In a recent development, Brazil’s President Luiz Inacio Lula da Silva engaged in discussions with Japanese Prime Minister Fumio Kishida, exploring the prospects of a trade agreement between Japan and the South American bloc Mercosur, as reported by the Brazilian government.   During a phone conversation, Lula and Kishida delved into the reinforcement of trade […]

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, 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, 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 […]

In ongoing negotiations to finalize a trade agreement between the European Union and South America’s Mercosur bloc, Argentina and Brazil have jointly requested â‚ ¬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 […]

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 […]