Brazil
BrazilBrazil and the US upgrading diplomatic ties and thinking in more bilateral trade
President Dilma Rousseff will make the first formal state visit by a Brazilian leader to the United States in nearly two decades, according to Reuters’ news agency. The trip allegedly will occur later this year likely in October, officials said on condition of anonymity because the White House has not yet announced the visit.
Petrobras calls for clear rules to foster investment in shale production development
Brazil’s oil and gas Petrobras said Argentina needs clear rules to foster investments if it wants to develop its unconventional oil and gas resources.
Latam’s major defence fair opens in Brazil with 700 companies from 48 countries
Delegations from 65 countries some of them including Defence ministers will be attending the opening on Tuesday in Rio do Janeiro of the International Defence and Security Fair, (LAAD), the largest show of military equipment in Latin America.
Brazil new defence purchases policy based on ‘geopolitical interests and technology transfer’
Brazil’s defence purchases mainly arms will be ruled by strategic priorities such as geopolitical interests and technology transfers and not only price, according to a decree published in the Official Gazette from the Union.
Brazil exporters anticipate May/June port chaos with soy, sugar and corn crops coincide
The logistics chaos in the Brazilian port of Santos (one of the busiest of the country) in mid March with the first shipments of a record soy crop will become even worse in May and June, according to the Jose Augusto de Castro, president of the Brazilian Association of Foreign Trade, AEB.
Brazil planning agency to manage fluvial ports, waterways and locks
The administration of President Dilma Rousseff is working on the creation of a new agency which will be responsible for Brazil’s fluvial ports and terminals, waterways and locks. The ‘Hidrobras’ project is being drafted by the Ministries of Transport and Planning and will look after shipping in the fluvial system, “which is currently exploited far below its possibilities and potential”.
Brazil claims trade situation with Argentina is “less than satisfactory”
Brazil admitted that the trade situation with Argentina is “less than satisfactory”, given the ongoing barriers and restrictions imposed by Buenos Aires and revealed that the bilateral trade balance is now inclined in favour of its southern neighbour and Mercosur associate.
Brazil hopeful an EU/Mercosur trade accord can be concluded this year
Brazilian Foreign minister Antonio Patriota said he was hopeful that the European Union and Mercosur could advance this year towards a trade agreement they have been negotiating so far unsuccessfully for almost fifteen years and also warned about the coming EU/US trade talks for a comprehensive accord.
Brazilian industrial production continues to struggle despite all the incentives
Brazil’s industrial output shrank more than expected in February, reversing most of the previous month’s gains and casting fresh doubt over the health of an anaemic recovery in the struggling sector.
Brazil central bank admits difficulties in taming stubbornly high inflation
Brazil’s Central Bank will keep a close eye on the economy to see if there is a need for any action to tame stubbornly high inflation, the bank's chief Alexandre Tombini said in a presentation to the Senate's economic affairs committee
