January 05, 2010
Please click on each headline for this week's top stories!
Brazcan portal is a unique, online business tool providing users with access to profiles of the leading business and government organizations in Brazil and Canada. Through www.brazcan.org , users looking for resources involved in Brazil-Canada trade and investment will have access to profiles and contact information of consultants, accountants, customs brokers, transportation and packaging, lawyers, translators and interpreters, media and government agencies. The portal also links to extensive market research both on Canada and Brazil, and showcases trade and investment opportunities.
To find out how www.brazcan.org can transform your regions market intelligence please contact Brazcan project coordinator at 416-364-3555 or alternatively at bccc@iecanada.com
Trade Missions, Seminars and Other Events
"International Conference on Computer and Instructional Technology"
Rio de Janeiro, Brazil
March 29-31, 2010
The International Conference on Computer and Instructional Technology aims to bring together academic scientists, leading engineers, industry researchers and scholar students to exchange and share their experiences and research results about all aspects of Computer and Instructional Technology, and discuss the practical challenges encountered and the solutions adopted.
Country News
1. Brazil '09 auto sales post record year
2. Brazil GDP to Grow 5.2% in 2010 on Investment Rebound
3. Brazil adopts measures to treat polluted soil
4. Brazilian exports expected to increase 12 pct in 2010
5. Itau Unibanco denies being in talks to buy stakes in UK banks
Country News
Brazil
'09 auto sales post record year
(Reuters)
New auto sales in Brazil posted a third straight record year in 2009,
a source with knowledge of the official data told Reuters on Monday,
underscoring the importance of domestic demand in Latin America's
largest economy.
About 3.01 million units were sold in Brazil in 2009, the source said,
an increase of about 51.1 percent over the year earlier period.
Sales of new cars, light vehicles, trucks and buses in December tallied
277,966 units, the source said, for a jump of about 16.5 percent over
November.
For the full story, click here
Brazil GDP to Grow 5.2% in 2010 on Investment Rebound
(Bloomberg)
Summary of original article by Iuri Dantas and Katia Cortes
Brazil’s economy will grow 5.2 percent this year, the most since 2007, according to a weekly central bank survey of economists.
The forecast in the survey published today is higher than a 5.08 percent estimate a week ago, according to the central bank, which surveyed about 100 economists. Brazil’s gross domestic product likely shrank 0.24 percent in 2009, according to the survey.
An increase in company investments will help spur growth this year after
Latin America’s biggest economy emerged from a six-month recession
in the second quarter of 2009. The government cut taxes and the central
bank reduced interest rates to a record low to stimulate domestic demand
last year.
For the full story, click here
Brazil adopts measures to treat polluted soil
(Xinhua)
The Brazilian Environment Ministry announced a series of measures Wednesday to treat polluted soil that has affected around two million people.
These measures were enforced on Wednesday and were included in Resolution 420 of the National Environment Council after being approved in November, the ministry said in a statement.
Companies and individuals responsible for pollution are asked to provide detailed plans to treat polluted soil and commit themselves to solving environmental problems, according to the resolution.
The resolution also includes emergency actions in case of dangerous
conditions. Moreover, it provides necessary procedures to determine if
an area is polluted or not and offers criteria to control and treat pollution.
For the full story, click here
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Brazilian
exports expected to increase 12 pct in 2010
(MacauHub)
Brazilian exports are expected to total US$170.7 billion in 2010, which is growth of 12 percent against projections for the current year, according to Brazil’s Foreign Trade Association (AEB).
Imports are expected to total US$158.5 billion, which is a rise of 23.4 percent against this year.
Brazil is due to end 2009 with a balance of trade surplus of US$23.9
billion, which is expected to fall to US$12.2 billion in 2010.
For the full story, click here
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Itau Unibanco denies being in talks to buy stakes in UK banks
(Business News Americas)
Brazil's largest private sector bank Itaú Unibanco has denied being in talks to buy stakes in The Royal Bank of Scotland and Lloyds Banking Group, which will be sold off by the British government.
"We are not confirming that information; the information is not correct," a company spokesperson told BNamericas.
News that Itaú was considering buying stakes in RBS and Lloyds
was published by UK newspaper Sunday Times, which quoted Itaú Unibanco's
international advisory board chairman Pedro Malan.
For the full story, click here
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Disclaimer - BCCC Bulletin is provided as an information service to our members and key contacts. It is designed to provide the most up-to-date trade information from a variety of sources. The information we feature does not necessarily reflect the Chamber’s opinion on a given international trade issue. Although we endeavour to disclose accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. The Brazil-Canada Chamber of Commerce cannot assume any responsibility for actions taken solely or principally on the basis of information provided.