Brazil is Latin America’s fastest-growing travel and tourism economy and direct contribution to GDP is forecast to grow at 7.8% in 2012.
“As of this year Brazil will follow the US example giving a 25% margin of preference to local goods in government procurement”, said Fernando Pimentel, Minister for Development, Industry and Foreign Trade.
Drought over Brazil's southern soy growing states prompted analysts Agroconsult to strike 2.8 million tons from its forecast of the 2011/12 crop to 67.1 million tons from 69.9 million previously.
Next April 9 Brazilian President Dilma Rousseff is expected in the White House and although formally relations are ‘excellent’, Brazil and the US have many dissenting issues, according to Andres Oppenheimer from the Miami Herald and considered an expert in Latin American affairs from the US perspective.
A Brazilian court barred 17 executives from Chevron and Transocean from leaving Brazil, pending criminal charges related to a high-profile oil spill last November. A second oil spill detected last week further complicated the situation.
Brazilian judge dismissed the first charges ever brought against an army officer over crimes committed during the country's 1964-1985 military dictatorship, dealing a blow to rights groups and victims' families.
Brazilian President Dilma Rousseff assured FIFA chief Sepp Blatter on Friday the country would be ready to host the 2014 World Cup, easing tensions over the slow pace of preparations for the finals.
Brazilian prosecutors on Tuesday unveiled the first criminal charges for crimes committed during the two-decade military dictatorship which ended almost a quarter of a century ago.
FIFA president Sepp Blatter will meet Brazilian President Dilma Rousseff on Friday to clear the air following the recent spat over preparations for the 2014 World Cup, soccer's governing body said on Tuesday.
Brazil's government wants Mexico to impose quotas on its own auto exports to the South American nation to ensure the total value does not exceed 1.4 billion dollars over the next three years, the development, industry and foreign trade ministry said.