China is planning to allow more Brazilian meat imports following high-level talks set for May, the Chinese ambassador to Brazil said on Monday. Yang Wanming declined to comment on how many meat processing plants could be approved to export to China but said the issue would be discussed when Brazil Agriculture Minister Tereza Cristina Dias travels to China in May.Add your comment!
Long delays at the U.S.-Mexico border crossing for goods destined for American plants and consumers are hitting the U.S. auto industry, and the gridlock reduced by half the number of northbound trucks that crossed the entry point last week.
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.
Brazil's Foreign Ministry formally announced on Sunday it will open a business office in Jerusalem, backtracking on President Jair Bolsonaro's promise to move his country's embassy to Jerusalem.
The Brazilian government wants trade to represent 30% of the country’s gross domestic product by the end of 2022, with one official saying on Wednesday it will get there on the back of President Jair Bolsonaro’s liberalization plans.
Denmark's Queen Margrethe II and Crown Prince Frederik are spearheading an official state visit to Argentina which started this Monday ahead of a larger business delegation which seeks to make inroads in the country.
Brazil is considering granting an import quota of 750,000 metric tons of U.S. wheat per year without tariffs in exchange for other trade concessions, according to Brazilian officials. That is about 10% of Brazilian annual wheat imports and is part of a two-decade-old commitment to import 750,000 metric tons of wheat a year free of tariffs that Brazil made — but never kept — during the World Trade Organization's Uruguay Round of talks on agriculture.
Asian shares stepped back on Tuesday after China cut its economic growth target and pledged measures to support the economy amid growing challenges from rising debt and a dispute over trade and technology with the United States. Australian shares dropped 0.6% while South Korea's Kospi lost 0.5%. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2% and Japan's Nikkei dropped 0.3%.
New Delhi and Buenos Aires are expected to sign up to eight agreements during President Mauricio Macri’s three-day state visit to India to promote trade, investment and cooperation in several fields including defense, Argentine ambassador Daniel Chuburu said. Macri is accompanied by several ministers, members of Congress and a hundred business leaders.
United Nations trade official has warned a US plan to raise tariffs on Chinese goods next month would have massive implications for the global economy. The US plans to increase tariffs on Chinese goods if the two sides fail to make progress on a trade deal by 1 March.