Brazil is tightening requirements for imports of cars in a move that sparked complaints from Argentina, its biggest supplier of the product. Imports to Brazil will need a special license that can take as long as 60 days to be approved, the Trade Ministry said in an e-mailed statement.
Brazilian president Dilma Rousseff cancelled on medical advice Sunday’s trip to Asunción where she was scheduled to participate in the bicentennial celebrations of Paraguay’s independence.
Brazil’s Commerce and Industry minister Fernando Pimentel called on the Argentine government to de-activate restrictions on Brazilian exports and revealed he had addressed a letter to his Argentine peer Debora Giorgi exposing restrictions on bilateral trade and demanding a reply this coming week end.
Institutionalization of Mercosur and changing its public opinion image are the main issues Brazil’s Samuel Pinheiro Guimaraes plans to address, at his new post of Mercosur High Representative-General since February.
Brazilian president Dilma Rousseff claimed that land reform was needed to eradicate poverty, avoid overcrowding in urban areas and as a matter of justice for the long delayed distribution of land.“
British Petroleum is negotiating opportunities to buy stakes in oil fields in Brazil to accelerate production increases, the head of the company's Brazil division said on Wednesday.
Brazil’s oil and gas corporation Petrobras was ranked first in a new listing of the most valuable brands in Latin America, with an estimated brand value of 13.4 billion US dollars.
Brazil will harvest this year a record crop of 158.7 million tons, 6% higher than last year’s 149.7 million tons, according to the latest release from the country’s Geography and Statistics Institute, IBGE.
Soybean crop prospects in Brazil and Argentina, the second- and third-biggest exporters of the oilseed behind the U.S., have improved, researcher Oil World said in a report Tuesday. Growers in Brazil will produce 73 million metric tons of soybeans, up from a record 68.7 million tons a year ago, and farmers in Argentina will harvest 49.5 million tons, up 1% from a prior estimate.
Brazil may start leasing farm land to foreigners to find a way around new legal restrictions on land sales and attract more foreign investment, the agriculture minister said.