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Brazil's Apex to disburse $12.87 million for trade promotion

Staff writer ▼ | April 13, 2016
The Brazilian Trade and Investment Promotion Agency (Apex-Brasil) will sign this Friday in São Paulo agreements with associations of four sectors and renew existing agreements with other three.
LatAm economy   The Brazilian Trade and Investment Promotion Agency
The agreements call for a disbursement of BRL 44.8 million ($12.81 million) by the agency for the marketing actions of products and services abroad. Adding the counterpart funding by the associations, the amount totals BRL 69.9 million ($19.99 million).

The new agreements will be signed with the Brazilian Association of Engineering Consultants (ABCE), the Brazilian Dairy Industry Association (Viva Lácteos), the Brazilian Electrical and Electronics Industry Association (Abinee) and the National Association of Roadway Equipment Manufacturers (Anfir).

And the partnerships to be renewed are with the Centre for the Brazilian Tanning Industry (CICB), the Brazilian Association of Companies of Components for Leather, Footwear and Manufactured Goods (Assintecal) and the Brazilian Association of Defense and Security Materials Industry (Abimde).

With the seven projects, the exports estimation is $14 billion in two years.