Brazil Not Happy with Its Shrinking Surplus

    Brazilian exports for the week ending Saturday, June 24, reached US$ 2.498 billion, an increase of over 30%, compared to the prior week (ending June 17). However, imports, at US$ 1.983 billion for the week were up 57.88%.

    According to the Ministry of Development, Industry and Foreign Trade, it is expected that the monthly trade surplus for the second quarter will remain at slightly more than US$ 3 billion, which is what it was in April and May.

    That may seem good (the daily average surplus running at around US$ 100 million), but the problem is that it is far below the surplus of over US$ 4 billion in June 2005.

    For the year the cumulative surplus in now almost US$ 18 billion, down 5.14%, compared to the same period in 2005.

    Children’s Clothing

    The International Textile Fair for Children, Teens and Babies (FIT) starts this Thursday, June 29, and follows on to the 2nd of July at the Expo Center Norte, in São Paulo, Brazil.

    The event will show the public the 2007 spring/summer collection. The expectation is that there will about 15,000 national and international visitors.

    The FIT is carried out twice per year. The last edition, which took place in January this year and presented the autumn/winter collection, counted on the participation of 150 Brazilian exhibitors.

    According to the Brazilian Textile and Apparel Industry Association (Abit), the sector had revenues of US$ 26.5 billion last year.

    Design for Foreign Eyes

    The Brazilian Association of Design Companies and the Brazilian Export and Investment Promotion Agency (Apex) signed an agreement yesterday, June 27, to promote the sector’s exports. The contract foresees investments of US$ 1.03 million to insert and position Brazilian design in the international market.

    The agreement was signed during the 1st Brazilian Design Biennial Exhibit, in São Paulo. The Integrated Sectorial Project for Promotion of Design Services Exports – Brasign Program has the aim of exporting US$ 3.2 million up to March 2007 and increasing by 20% the number of Brazilian exporting companies.

    ABr, Anba

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