Brazil adheres to foreigners agreement in public tenders

President Jair Bolsonaro said in his Tweeter account that he authorised Brazil’s entry into the Public Contracting Agreement (PA) of the World Trade Organization (WTO), which includes the United States, China, Japan and European countries. The agreement obliges its members to give equal conditions to foreign and national companies in public tenders in the areas of goods, services and infrastructure.

Source: Istoé

Jair Bolsonaro begins first official visit to India

Brasil President Jair Bolsonaro begins a four-day official visit to India. Trade between both countries during 2018-19 was worth $8.2 billion, including Indian exports of $3.8 billion and imports worth $4.4 million. Estimated 2018 Indian investments in Brazil were at $6 billion and Brazilian investments in India at $1 billion. Bilateral ties were elevated to a strategic partnership in 2006 and the two countries work closely at multilateral forums.

Source: Hindustan Times

Brazilian crude steel production falls 9% in 2019

Brazilian crude steel production last year fell 9%, to 32.236 million tons, according to data released by the Instituto Aço Brasil (IABR). In December, production was 2.416 million tons, down 10.8% year-to-year relation.The volume of rolled steel produced in the year was 22.198 million tons, a decrease of 6.3% compared to 2018. In the last month of 2019, the decrease was 14.3%, to 1.42 million tons.

Source: Istoé

China clears Brazilian melon imports

The General Administration of Customs of China (GACC) authorised the import of melon from Brazil, in what constitutes the first agreement of both countries on this fruit. China consumes approximately half of melon world production, equivalent to 17 million tons in 2017, and the Brazilian harvest coincides with the low season in China. In 2018, Brazil exported around 200 thousand tons of melon to USA, Chile, Argentina, Uruguay, Russia and the European Union.

Source: G1 Globo

Brazil stocks at record high thanks to tax collection jump

The Bovespa rose as much as 0.8% to a record high of 119,342.140, while the real firmed about 0.2% to the dollar on Thursday after data showed a jump in federal tax collections to a five-year high in 2019, boosted by an increase in the corporate tax take. The data underpins optimism over the economy amid sweeping structural reforms and a rebound in economic growth.

Source: Reuters