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Brasil's trade surplus with G20 countries to be a record in 2023
Brasil's exports to the G20 countries totaled 265 billion dollars and represented 78% of everything Brasil exported to the world in 2023. A growth of 4.6% on the previous year. Sales of industrial goods are still on the rise, but diversification is still a challenge. The Impulse of Exports study, published by the Brazilian Trade and Investment Promotion Agency (Apex), linked to the Ministry of Development, Industry, Trade and Services (MDIC), mapped around 9,000 commercial opportunities for Brazilian products and services in the markets of the G20 member countries.
Female Leadership and Sustainability: Brasil leads initiative to reconfigure international trade
At the G20 headquarters in Brasília, the coordinators of the G20 Sherpa Track Trade and Investment Working Group, Tatiana Prazeres—Secretary of Foreign Trade at Brazil’s Ministry of Development, Industry, Commerce and Services (Ministério do Desenvolvimento, Indústria, Comércio e Serviços/MDIC)—and Ambassador Fernando Pimentel, Director of the Ministry of Foreign Affairs’ (Ministério de Relações Exteriores/MRE) Commercial Policy Department, took stock of the first meeting coordinated by Brazil. Proposals will focus on promoting sustainable trade, on female participation, and on aligning investment agreements. Brazil leads the way towards a fairer, more inclusive and environmentally responsible global economy.
G20 discusses sustainable business practices in investment agreements with the private sector
According to a report by the United Nations Conference on Trade and Development (UNCTAD), provisions aimed at preserving the regulatory space for sustainable development are present in more than 90% of the recent international investment agreements of G20 and invited countries, which shows how relevant the issue has become.
Data is essential to debate women’s participation in foreign trade
According to the International Trade Center (ITC) women own only around 20% of exporting companies globally. For this reason, the G20 members have emphasized in recent years the need to accelerate progress towards inclusive international trade, involving initiatives to promote greater female participation. One of the challenges is the lack of data.