Brazil’s Industry Federation Calls 2004 Spectacular

“Spectacular,” was the way the president of the Foreign Relations Council at the São Paulo Manufacturers Federation (Conselho Superior de Relações Exteriores da Federação das Indústrias do Estado de São Paulo) (Fiesp), Rubens Barbosa, described Brazil’s foreign trade results for 2004.

“An exceptional year that ended with a series of positive factors that gave exports a boost,” he declared, adding that the “32% increase in exports and 30% increase in imports will be hard to top in the future.”


According to Barbosa, contributing factors to the strong growth in foreign trade in 2004 were the expanding economies in Brazil’s main trade partners, such as the US, Argentina and China; along with a spike in farm produce prices.


Barbosa also cited the joint effort by the government and the private sector in boosting exports.


Barbosa went on to say that the 2004 results show that structural reforms are essential.


“We cannot continue to grow like this without resolving our shortfalls in logistics, such as highways and port facilities,” he said. These problems will become a burden in the future, he declared.


In conclusion, Barbosa said the excellent trade performance translated into benefits for the population in the form of jobs and lower inflation.


Trade Surplus


Brazil has closed out 2004 with a trade surplus of US$ 33.696 billion, with exports at US$ 96.475 billion and imports at US$ 62.779 billion. For the year exports were up 32% and imports up 30%, compared to 2003.


In December, Brazil exported goods worth US$ 9.194 billion, a record for the month. Compared to December 2003, exports were up 30.3%.


December imports totalled US$5.684 billion, also a record for the month.


Translation: Allen Bennett
Agência Brasil

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil: In Morrinho the War Never Ends

It’s midmorning in Morrinho. Three figures peer down from a concrete rooftop at the ...

Brazil’s Oil Company Petrobras Slightly Reduces Output

Brazil's state-controlled gas and oil multinational Petrobras announced on Friday, December 19, that the ...

In Brazil, Graft and Fraud Are Just the Cost of Doing Business

President Luiz Inácio Lula da Silva returns home from his six-day five-nation trip that ...

Brazil Credits Stability to Refusal to Sign Treaty with US

Celso Amorim, Brazil's Foreign minister, said that those countries which have signed free trade ...

Brazil Industry and Services Shrink in First Quarter

Brazil’s Gross Domestic Product (GDP) – the sum of all goods and services produced ...

Descendants of Escaped Slaves Clash with Navy in Brazil over Land

After decades of black resistance and at least five years of legal dispute, the ...

On Its Way to a Glorious Destiny Brazil Has to Deal with Lack of Savings and Obesity

Brazilian success is being vastly praised inside and outside the country and there are ...

Brazil Reiterates Support for Venezuela

The head of Brazil’s Presidential Civilian Advisory Staff, Minister José Dirceu, met, yesterday, with ...

Brazil Allocates US$ 8 Million to Study the Antarctic

Brazil's Proantar, the Brazilian Antarctic Program, which develops scientific research on Antarctic phenomena that ...

Amazon’s Kindle Now Has the New York Times and Brazil’s O Globo

Among the three largest and most influential Brazilian newspaper Brazil's daily O Globo this ...