The Federation of Muslim Associations in Brazil (Fambras) reported a 12% increase last year. For the federation’s president, Mohamed El Zoghbi, there’s a continuous demand for Brazilian products in the Arab countries.
Eighteen member companies of the sector’s association attended the AEEDC in the United Arab Emirates in February. They made over USD 1.3 million in sales during the event.
Nationwide activity eased by 0.1% in January from December according to the Brazilian Institute of Geography and Statistics (IBGE), although there were increments in nine out of 14 regions surveyed.
Index measured by Fundação Getulio Vargas shows improvement regarding investment plans by Brazilian industries early this year.
Data from the National Confederation of Industry (CNI) shows that 16.3% of Brazilian output was sold abroad last year. In 2015, this percentage was lower.
Exports from Brazil to the Arab country were up 1.7% to USD 2.85 million in the first two months of this year. An industry spokesperson claims fluctuations in the USD dollar get in the way of business.
A partnership between the Brazilian government and the National Confederation of Industry will work to integrate 500 companies into the global market.
A 1.4% increment year-on-year capped a 34-month run of shrinking output in Brazil, according to numbers released by the Brazilian Institute of Geography and Statistics (IBGE).
Shipments generated USD 1.18 billion in February, the highest amount for the month, and almost USD 2 billion in the first two months of the year.
The Bellara complex will have an initial production capacity of 2 million tons of steel per year.