Brazil: Exports expected to rise by 10 percent in 2008

23 November 2007

Rio de Janeiro, Brazil, 23 Nov – Brazil is expected to export goods and services to the total of US$172 billion in 2008, a rise of almost 10 percent on the US$157 billion forecast for this year, a ministerial official said Thursday in Rio de Janeiro.

Welber Barral, secretary for Foreign Trade from the Ministry of Foreign Trade and Industry, said that Brazil was expected to reach 1.25 percent of the world market by 2010, which today would be equivalent to exports of US$208.8 billion.

During the opening ceremony of the 27th National Meeting on Foreign Trade (Enaex), in Rio de Janeiro, Barral said that Brazil is amongst the 30 largest world exporters, according to the World Trade Organization (WTO).

“And by 2010, we will be amongst the 25 largest as the trend is to continue growing even more,” he said. (macauhub)