The collapse of Brazil's flag carrier Varig last year caused a significant fall in the number of foreign tourists visiting Brazil in 2006 revealed a top official from the Ministry of Tourism in Rio do Janeiro.
In contrast to pledges of lowering Mercosur barriers for junior members (Paraguay and Uruguay), Brazil confirmed the construction of a steel and concrete wall along the Paraguayan border to help combat contraband in the Triple frontier area where Brazil, Argentina and Paraguay meet.
Brazilian president Lula da Silva strongly defended close relations with United States and agreements on developing bio-fuels, but also underlined that Mercosur remains a top priority for Brazil.
Brazil and United States will attempt to advance the Doha global trade talks during US president George Bush's official two day visit to Brazil which begins today Thursday.
United States president George Bush arrived late Thursday to Sao Paulo for a 24 hours visit to Brazil, --the first leg of his Latinamerican trip--, amidst serious street protests with eight people injured and scores arrested.
Brazil's Central Bank on Wednesday cut the basic reference interest rate Selic by 25 points to 12.75%, in line with market expectations and government promises of a more flexible monetary policy
Brazil's government managed oil company Petrobras and the Japan Bank for International Cooperation signed Monday in Rio do Janeiro a memorandum of understanding on bio-fuels announced Monday, Petrobras.
Brazilian President Luiz Inácio Lula da Silva said Monday that during his meeting next Friday with United States President George W. Bush he does not intend to talk about Venezuela, but about trade and biofuels.
The world's two top ethanol producers, United States and Brazil, announced the creation of an international forum to help turn biofuels into a globally traded commodity, just days before the two countries are expected to sign a separate agreement promoting the industry across the Western Hemisphere.
Brazil's economy expanded 2.9% last year compared to 2.35% in 2005 according to the latest official release on Wednesday. In the fourth quarter GDP increased 1.1% over the third quarter and 3.8% over the same period in 2005, reported the Brazilian Institute of Geography and Statistics.