• Categories
  • Archives

Brazil’s Vice-President: Interests Are Halting Country

The president of the Brazilian Supermarket Association (Abras), João Carlos
Oliveira, seemed very optimistic in relation to the Brazilian economy. “The 4%
increase in our GDP during the first semester fills us with high expectations.”

by Geovana Pagel


“It means more employment, greater production levels at the industries and higher sales volume in the trade sector,” asserted Oliveira, during the opening of Expo Abras – the 34th International Trade Show of Products, Services, Technology and Equipment for Supermarkets and 38th National Supermarket Convention.


According to Oliveira, the supermarket sector has more than 72 thousand stores in all states in Brazil, generates 740 thousand direct jobs and has a yearly revenue of US$ 31 billion, equivalent to 6% of the national GDP.


Oliveira emphasised how the Brazilian social security tax (Cofins) reduction on the basic food basket was important for the sector. “Reducing the tax burden is vital for an improvement in the economy. It is important that taxes fall on revenues, not on the productive chain,” he explained.


The Minister of Development, Industry, and Foreign Trade, Luiz Fernando Furlan, said that since June this year, sales of hard goods, and now also sales in the food sector, has been increasing.


The Brazilian Vice-President, José Alencar Gomes da Silva, returned to the issue of interest rates reduction. “High interest rates break the country’s growth. Never was there such a high value transfer to the banking system,” he stated.


The Vice-President also underscored the importance of the internationalization of the fair. “The participation of businessmen from China, Poland, Mexico and the Arab countries shows how much the growth in the sector is attractive to entrepreneurs all over the world,” he said.


The Gourmet Space is one of the innovations of the 34th edition of the Expo Abras. It is an area that includes various culinary product releases, exhibited in different manner. At the site, the exhibitor can show guests their novelties preparing, for example, recipes.


A kitchen set up in the shape of an auditorium, with a capacity for 25 people, is used by famous chefs connected to the Brazilian Association of High Gastronomy (Abaga).


The space is organized by the Rio de Janeiro Union of Hotels, Restaurants, Bars, and Similar and sponsored by the sector’s National Federation.


ANBA ”“ Brazil-Arab News Agency

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

A researcher from Butantan institute in São Paulo, Brazil

Brazil Produces Cheaper and More Potent Avian Flu Vaccine

Butantan Institute, an organization connected to the Secretariat of Health of the State of ...

Maternal Mortality Still Too High in Brazil: 74 Deaths Per 1,000 Births

In 2002, the infant mortality rate in Brazil was 25.1 deaths before the age ...

25 Years Later Brazil’s Petrobras Is Back to Arab World

Petrobras and Oil Search Limited, which established a joint venture to take on one ...

Brazil Calls IMF’s Report on Country’s Economy Wrong and Stupid

For Brazil’s Finance minister Guido Mantega the International Monetary Fund’s assessment that Brazil’s fiscal ...

A Brazilian Plan to Double Number of Shoe Exporting Firms

The Brazilian government and private enterprise reaffirmed their partnership for the promotion of footwear ...

Jump in Oil Prices Gives Brazilian Market the Chills

Latin American stocks were mostly lower, this Tuesday, undermined by heavy profit taking and ...

Brazil Gets Lion Share of Foreign Investment in Latin America

Foreign direct investment (FDI) in Latin America and the Caribbean was record last year, ...

Japan Ships Back to Brazil Over 300,000 Dekaseguis

Japan is planning to combat unemployment by sending back to their countries of origin ...

Brazil Seizes Pirated CDs and Cigarettes on Border

An operation by Brazil’s Federal Revenue Service (Receita Federal) in Foz do Iguaçu, Paraná state, on ...

Ana’s fight for herself and her baby

“A brain aneurysm,” said the doctor when Ana, five months pregnant, was taken to ...