NEWS

In the production and sales of electric vehicles with a volume of 1.06 billion units in 2019 China is the leader. The EU is the second largest market with 561,000 units and USA is the third largest market with 327,000 units.

According to the car sales data between January and April 2020 the passenger car market will contract by 15%. This situation reveals that the electric vehicle market is less affected by the pandemic than the fuel vehicle market.

Bank of America expects electric vehicles will make up a third of sales of lighter vehicles by 2030, and 95 percent of sales by 2050

According to the foresight of the Wall Street Bank in the coming years in parallel with China's policy of openning up to wider markets , the dependence on the US dollar will be replaced by the influx of global investors to the Yuan.

The Digital Agrifood Summit Portugal is being organized with the support of the Secretary of State for Internationalization, the Portuguese Ministry of Agriculture, AICEP (Portugal Global – Portuguese Trade & Investment Agency) and FIPA (Federation of Portuguese Agrifood Industries).

The first edition of the Digital Agrifood Summit Portugal event that is scheduled to take place on 20-23 January 2021.

https://www.fipa.pt/eventos-industria-alimentar/20-01-2021/digital-agrifood-summit-portugal

Current Developments in the Brazilian Automotive Sector

 

At the end of 2020, automotive production decreased by 31% to 2.01 million vehicles.

1.9 million cars and light commercial vehicles, 91 thousand trucks and 18 thousand buses were produced.

 

According to the data of ANFAVEA, there is a growth expectation of 25% for 2021.

 

Ford company decided to close its three factories in Brazil (Camaçari (Bahia), Taubaté (São paulo) and Horizonte (Ceara)).

 

It constituted 7% of the market with 119,454 automobile sales in 2020.

 

It ranks fifth in sales after General Motors (17.35%), Volkswagen (16.8%), Fiat (16.5%) and Hyundai (8.6%).

 

Compared to 2019, there is a 39% decrease in sales.

 

Imports from Argentina and Uruguay will continue with sales in Brazil, but approximately 5 thousand people will be unemployed.

In December 2020, Mercedes-Benz announced that it was closing its factory in Iracemápolis (São Paulo).

Introduction to the Brazilian Market

 

There is an import license requirement.

 

It is necessary to reach the importer and distributor unions.

 

Requirements for face to face meeting:

  • Participation in B2B meetings and fairs / Virtual trade delegation. Some firms and dates:

    • Automec / 9-13 November 2021

    • Feimec / 3-7 May 2021

  • Portuguese communication and translation service should be obtained when necessary.

  • Appointment requests must be submitted a considerable amount of time in advance.

Sample shipment must be made in stock keeping in Brazil.

 

It is necessary to open a company, office, showroom in Brazil (Brazil target country).

 

After-sales services and technical support should be provided.

 

Privatization and tenders; In tenders, the requirement for resident representatives should be removed and business should be undertaken with local partners.

PREFERENTIAL TRADE AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF TURKEY AND THE GOVERNMENT OF THE REPUBLIC OF AZERBAIJAN

 

On Tuesday January 19, 2021, the decision on approval of the agreement of "Preferential Trade Agreement between the Government of the Republic of Turkey and the Government of the Republic of Azerbaijan" has been published in the Official Gazette No. 31369

 

The purpose of the Agreement is to strengthen the commercial relations between the Contracting Parties through tariff reductions within the framework of the principles of equal use and reciprocity, promoting trade, creating fair competition conditions between the Parties and creating a safer environment for the sustainable growth of trade.

 

This agreement is concluded for an indefinite period. This Agreement shall remain valid as long as one Contracting Party notifies through diplomatic channels of its intention to terminate it.

Disputes arising from the interpretation and / or implementation of this Agreement will be resolved through bilateral consultations. The Joint Committee, established for the examination and resolution of disputes, shall meet within 30 days from the date of receipt of the request of one of the Contracting Parties for the assessment of an issue that cannot be reached with a satisfactory result.

QATAR announced new labor market reforms as it seeks t quell criticism around treatment of migrant workers in the lead-up to the 2022 World Cup.

The ADLSA minister, Yousuf Mohamed Al Othman Fakhroo, said these newly announced laws demonstrated the governments interest in creating a modern and dynamic labour market that will encourage competition fort he best talent.

The Qatari Ministry said its latest reforms included stricter penalties for employers who dont pay their workers or provide adequate accommodation. Its also working to expand inspections and strengthen an existing wage-protection system, according to the statement.

EVENTS

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