• Categories
  • Archives

Dollar Fall Scares Brazilian Industry

Exports by the Brazilian textile industry may be damaged by the depreciation of the US dollar, after last year’s record-breaking export sales of US$ 2.080 billion.

This warning was sounded by the vice-president of the Syndicate of Spinning and Weaving Industries of the State of Rio de Janeiro, Antonio César Berenguer de Bittencourt Gomes, during the 6th Fashion Business Fair (spring/summer 2006) at the Museum of Modern Art in Rio.

Berenguer observed, however, that this situation will not materialize in the short run, thanks to the record-breaking production of cotton, at a low price, helping to keep it competitive internationally.

He estimated that shipments abroad of Brazilian products should increase around 10% this year, whereas the previous forecast was for growth of up to 30%.

The textile industry has invested as much as US 1 billion per year on modernization (equipment purchases), according to Berenguer.



  • 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Your email address will not be published.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.


You May Also Like

Russia Relaxes Ban on Brazilian Meat

Russia lifted the ban on beef and pork imports from six Brazilian states, which ...

Brazilian Killed by London Police Had All His Papers

During a joint news conference yesterday in London, Brazilian minister of Foreign Relations, Celso ...

Lula Shining Abroad

The Brazilian Gross National Product growth was negative in the first three months of ...

The Manifesto

By Brazzil Magazine In April, 1998, I gave a seminar at the International Holistic ...

US President George W. Bush

Bush Going to Brazil in March. Chí¡vez Seen as a Reason

American President, George W. Bush, is going to visit Brazil early next month, according ...

Brazil's health fair Hospitalar

World’s Second Largest Health Fair Brings 30 Countries to Brazil

The Brazilian minister of Health, José Gomes Temporão, said in the southeastern Brazilian city ...

Brazil Maps Its Hydroelectric Potential. Latest Data Are from 1960.

The Energy Research Corporation (Empresa de Pesquisa Energética) (EPE), which is housed in the ...

Brazilian Leather Exporters Complain About High Taxes

Brazilian leather exports to Tunisia presented a great leap in the first half of ...

Sculptor Rosas Recreates Ancient World in Brazil

Artisan Júlio César Nunes Rosas, 63 years of age, was born in a region ...

Brazil’s Gol Cuts Travel Agents Commission to 6%

Brazilian Airline Gol announced today that beginning January 1st, commissions paid to travel agents ...