New car sales in Brazil pick up
International Trade and Investment Agency released its latest “Map of Exports in Argentina”, showing exports amounted to $22.871 billion from January to May, a 1.4-percent increase yearon-year. According to the report, export prices rose 9.3 percent, while volumes decreased 7.3 percent. The 174 export destinations included two new markets, in keeping with the country’s goal of diversifying its export markets. A total of 7,157 Argentine companies exported products over the period. told journalists in Nairobi. In this new arrangement, the Zambian government removed a 10 percent additional tax on maize exported to Kenya. New car sales in Brazil rose 3.65 percent in the first half of the year compared to the same period of 2016, showing positive growth for the first time since 2013, industry figures showed on Tuesday. The National Federation of Automotive Vehicle Distribution reported 1,019,400 new cars and light passenger vehicles were sold from January to June, compared to 983,495 units in the first half of the previous year. Sales of heavy vehicles, such as trucks, dipped 13.8 percent over the same period of last year, picking up slightly towards the end of the six months. Car dealers expect to sell a total of 2,129,165 vehicles in 2017, for a 3.8-percent increase year-on-year, after four years of falling auto sales.