Category: Geopolitics

Information about international affairs that can impact the Brazilian economy.

Brazil to have 20 million 5G users by 2023 – Cisco

Brazil will have around 20 million 5G users by 2023, accounting for 6% of the mobile base, according to Cisco’s Annual Internet Report 2018-2023. In the same period, the 4G customer base will grow to 58.4% from 53.8% of mobile accesses. By contrast, 3G and older technology will drop to 29.6% from 46.1% while IoT accesses will grow to 6% from 0.1 percent.

Huawei role in Brazil 5G up to national security chief, Anatel

The Brazilian telecoms regulator (Anatel) preparing to auction bandwidth for fifth-generation (5G) mobile data at the end of this year said any decision on the security risks of using Chinese technology will ultimately be taken by the president’s national security adviser. Anatel approved the rules for the auction published by the government last week and opened a public review. If confirmed, it will be the world’s largest 5G spectrum auction to date.

Bolsonaro wants a "good relationship" with Argentina

“What we want from and with Argentina is Mercosur, a good relation, but having democracy and freedom above all”, Brazilian president Jair Bolsonaro said on Monday. He expects foreign ministers of both countries agree on a new date for a meeting with his peer Alberto Fernández after the suggested summit in Montevideo on March 1 fell through due to the Argentina Congress opening sessions on the same day.

Brazil analyses a $5bn bi-national hydroelectric power plant with Bolivia

Brazil is studying the construction of a bi-national hydroelectric plant with Bolivia on the Mamoré river (northwest of the country) at a cost of $5 billion, said the Brazilian general director of Itaipu Binacional, general Joaquim Silva e Luna. In the next three years, Itaipú Binacional will have its debt settled for the construction of its plant, which will release about $2 billion annually, half for Paraguay and half for Brazil, which can count on this money to invest in the construction of the new central, he said.

Private firms pledge to pay soy farmers more than $14mn not to deforest Brazil’s Cerrado

The Funding for Soy Farmers in the Cerrado Initiative (FSFCI) launched by Nutreco, Grieg Seafood and Tesco in December has already secured more than $14 million to provide savanna soy producers with financial incentives to ensure that future soy cultivation expansion in the Cerrado biome only is carried out on existing agricultural lands. The exact mechanism by which these funds will be disbursed has not yet been developed.

Carrefour buys 30 stores & 14 gas stations from rival Makro for $454mn

The Brazilian unit of France’s Carrefour SA has agreed to buy 30 stores and 14 gas stations in 17 states from rival retailer Makro’s Brazilian subsidiary for 1.95 billion reais ($453.69 million), the French retailer said in a securities filing on Sunday. The stores will be integrated into the cash & carry Atacadão chain. Makro will continue to operate in Brazil but with only 24 stores in the country’s richest state, Sao Paulo.

Lawmakers urge Congress to shelve indigenous mining bill

Opposition lawmakers called on Brazil’s Congress to reject a proposal by President Jair Bolsonaro to open indigenous reservations to commercial mining, saying it will endanger 200 tribes protected over decades by indigenous rights. Brazil has the largest number of isolated and uncontacted indigenous groups, 114 of the 185 known to exist in South America, said expert Antenor Vaz, who warned of the risk of ethnocide.

Fiat Chrysler Latam expects 6% auto sales growth in Brazil

Fiat Chrysler Latin America CEO, Antonio Filosa, expects auto sales in the region to grow 1.5% this year, to 4.2 million units, as Brazil’s economic recovery offsets economic crises in other markets such as Argentina. He predicts a 6% rise in Brazil, with Fiat sales increasing by 7% to 9%. The automaker will increase its powertrain production this year and begin sales of a 100% electric vehicle in Brazil.