Brazil launches BRL 130M export diversification plan

Following the United States’ imposition of additional tariffs on some Brazilian exports, the Brazilian Trade and Investment Promotion Agency (ApexBrasil) announced a BRL 130 million plan to diversify the country’s export markets and mitigate the impact of the US tariffs. The initiative will be launched in August. ApexBrasil, which is affiliated with the Ministry of Development, Industry, Trade, and Services, stated that the plan will be launched in partnership with 57 economic sectors across…