According to the Brazilian Association of Supermarkets (ABRAS), the Brazilian food retail industry accounted for approximately 7.03% of Brazil‘s GDP in 2022. Previously, the Brazilian food retail industry had gross revenues of approximately R$611 billion in 2021, 10.3% higher compared to approximately R$554 billion in 2020. Companhia Brasileira
Mexico included steel and iron products to the Sector Promotion Programs (Prosec) as part of a decree published by the Ministry of Economy on Tuesday. These are 11 types of flat-rolled steel and iron products. These tariff fractions were included for the purposes of the «Decree establishing several
Mexico‘s Ministry of Economy has reversed a tariff reduction program in the apparel industry, including products such as fibers, yarns and fabrics in that sector. In total, the measure includes 91 tariff items, which would lower their import duties to 20% as of October 1, 2024, according to
The Mexican government increased import tariffs, on a temporary basis, to 392 tariff items, up to a range of between 5 and 25 percent. The measure went into effect this Wednesday and was published in the Official Journal of the Federation (DOF) on August 15, 2023. It does
The U.S. market imported non-cold water shrimp and prawns at a customs value of $5.989 billion in 2022, down 6% year-on-year. Beyond that, U.S. imports of coldwater shrimp and prawns were $27 million, up 46% over 2021, according to Commerce Department data. Shrimp is a well-known and widely
The United States enacted the CHIPS and Science Act of 2022 (CSA), which provides huge grants to semiconductor research and manufacturing in the country. The CSA allocates $52.7 billion to the «CHIPS for America Fund.» This includes $39 billion in manufacturing incentives, $11 billion in R&D and workforce