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Montevideo, April 21st 2024 - 20:51 UTC

Tag: Lucas Ferraz

  • Thursday, May 26th 2022 - 10:40 UTC

    Brazil cuts down Mercosur external tariffs yet again

    Brazil continues to negotiate with Mercosur partners Argentina, Uruguay, and Paraguay “to make this measure permanent”

    In a move to contain inflation ahead of this year's Oct. 2 elections, Brazil's Chamber of Foreign Trade decided to cut down the Mercosur Common External Tariff (TEC) by 10% on items such as beans, meat, pasta, cookies, rice, and construction materials, the Ministry of Economy announced.

  • Thursday, May 20th 2021 - 09:32 UTC

    Brazil wants Mercosur to agree on a 20% reduction of the Common External Tariff

    Minister Ferraz said “we don't want to choose winners and losers, we want to negotiate”

    Brazil is determined that Mercosur's Common External Tariff, TEC, be reduced by 20% in two rounds of unilateral cuts, 10% immediately, and the other 10% in December. This is the official strategy and position of Brazil for the extraordinary meeting in June of the four founding members of the group, in Buenos Aires, underlined Lucas Ferraz, foreign trade secretary of the Brazilian Ministry of the economy.

  • Friday, January 3rd 2020 - 09:46 UTC

    Brazil's 2019 trade surplus shrinks 20%, lowest since recession year 2015

    Surplus in 2020 could be even smaller, Lucas Ferraz, trade secretary said, as strengthening domestic demand lifts overall economic growth to around 2.3%

    Brazil’s trade surplus shrank 20% to US$ 46.67 billion last year, official data showed on Thursday, as upwardly revised exports in recent months failed to mask a widespread slump in overseas demand for Brazilian goods over the course of 2019.

  • Wednesday, July 3rd 2019 - 09:40 UTC

    Brazil estimates trade surplus this year to reach US$ 56.7 billion

    “Global growth this year is expected to be lower than last year, and obviously, we will suffer as a result,” said Lucas Ferraz, secretary of foreign trade at the ministry.

    Brazil’s Economy Ministry on Monday raised its projection for the country’s trade surplus this year to US$56.7 billion from US$50 billion but warned that trade activity will decline due to slowing global economic growth.

  • Friday, May 10th 2019 - 09:57 UTC

    Brazil confident of a Mercosur/EU trade accord in coming weeks

    Talks between the two blocs have dragged on for over two decades and Brazilian President Bolsonaro said that France’s resistance to farm goods caused an impasse

    The European Union and Mercosur will likely close a trade agreement in the near future, Brazil’s Foreign Trade Secretary Lucas Ferraz said in an interview with Bloomberg. “We’ve never been so close,” Ferraz said adding, “we’ve advanced more in four months than in 20 years”.

  • Wednesday, April 3rd 2019 - 08:39 UTC

    Brazil posts lower trade surplus in March with a strong rise in imports

    Exports totaled US$ 18.12 billion, down 1.0 percent from March last year, while imports totaled US$ 13.13 billion, up 5.1 percent from the same month last year

    Brazil posted a trade surplus of US$ 4.99 billion in March, the Economy Ministry said, significantly smaller than the same month a year ago thanks to a strong rise in imports. The trade surplus last month fell 22.3% to US$ 4.99 billion from US$ 6.42 billion a year ago, although that was up more than a third from February’s surplus of US$ 3.67 billion.