The risk Department at the state company for export insurance the «Ashra» issued a recommendation for Israeli exporters to conclude long-term contracts with the authorities of Brazil.
The recommendation was published in connection with the growing political instability in Brazil. Those exporters who will sign contracts are advised to hedge transactions to protect it from sharp fluctuations of the Brazilian real, according to The Marker.
Israeli exports to Brazil amounted in 2016, $ 750 million. The main products of selhozugodyam, machine tools, electrical equipment and chemicals.