Mercopress, 08/02/2011
According to the Trade Ministry’s website the Brazilian surplus widened to 3.1 billion dollars in July from 1.3 billion a year ago. However the surplus slipped from June’s 4.4 billion in June.
Exports in July rose to 22.3 billion from 17.7 billion a year ago, while imports increased to 19.1 billion from 16.3 billion dollars, the Trade Ministry said
The Brazilian government slapped a 1% tax on currency futures last week as it seeks to contain the appreciation of the Super Real to protect local manufacturers from foreign competition. Higher commodity prices this year offset gains in the currency, helping increase the 12-month trade balance to 27.1 billion, from 17.7 billion a year ago.
Posted by Brazil Institute 
Latin America’s blind love with China may be over
September 8, 2011Andres Oppenheimer – Miami Herald, 09/08/2011
After a decade of record Latin American exports to China, which helped the region grow significantly despite the recent global recession, there are signs that the honeymoon may be coming to an end.
Growing numbers or Latin American business leaders and trade experts are complaining that China is buying almost exclusively raw materials from the region, while refusing to purchase more sophisticated — and expensive — Latin American goods, thus preventing the region from having more diversified economies.
In addition, Chinese companies are bringing dubious business practices to the region, exploiting workers and destroying the environment, they say.
Share this:
Like this: