Police arrested a controlling shareholder of meatpacker JBS SA and two former Brazilian agriculture ministers on Friday in connection with an investigation into illegal campaign contributions. Joesley Batista, a member of the family that founded the world's largest meat processor, is expected to be held only temporarily, his lawyer André Callegari said. He declined to elaborate on the arrest order or the investigation.
The Brazilian government National Trade Council, Camex, approved the contents of a proposed trade liberalization offer to be made by Brazil involving negotiations for a wide ranging cooperation and trade agreement between Mercosur and the European Union.
The Brazilian government announced that it is increasing the farm budget, including funds for subsidized loans by 18% to 136 billion Reais (approx 68 billion-dollars) mainly for improving the country’s insufficient storage capacity and new silos.
Brazilian President Dilma Rousseff appointed on Friday new ministers for agriculture, civil aviation and labour, the presidential office said, in a Cabinet shuffle that left her economic team intact.