Expansion of the Paraguayan economy may boost Brazilian exports

According to data from the Ministry of Development, Industry and Foreign Trade (MDIC), Brazilian foreign sales to Paraguay have grown by 40% in the last five years, and went from US $ 3,1 billion in 2010 to US $ 4,4 billion in 2014. Last year, national exports to the neighboring country expanded by 9% compared to 2013, the year in which foreign sales totaled around $ 4 billion.


Brazilian and Paraguayan authorities have been working to reduce smuggling on the border between the two countries. Since July of last year, a measure of the Brazilian government has reduced the share of purchases for Brazilian tourists who enter the country by land to US $ 150 dollars per person, compared to US $ 300 dollars.


Source: Dinheiro Rural Magazine (23/03)


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