The free trade treaty was signed in 2010. The ambassador of Egypt to Brasília, Hossameldin Zaki, said that his country is engaged in strengthening trade with the South American bloc.
Author: Alexandre Rocha
The government authorized the company to buy the product abroad for another two years, with the objective of guaranteeing supply to thermal electric plants. Brazil’s main supplier is Qatar.
For the first time, Foreign Direct Investment in developing countries exceeded the total turned to developed nations. The global flow, however, dropped 18% as against 2011.
The amount of net investment into the productive sector in 2012 was second only to 2011. Services was the sector that saw the highest inflow, which was encouraged by the domestic market.
A delegation organized by Apex should participate in business roundtables in Saudi and the Emirates. The trip should have support by the Arab Brazilian Chamber, which promoted a seminar on Tuesday.
The country’s foreign minister, Antonio Patriota, stated that the government of Brazil makes constant contact with countries in the region. He plans to travel to Algeria soon.
The World Bank estimates that the economy of the Middle East and North Africa grew 3.8% last year. Forecasts in June 2012 pointed to growth of 0.6%.
The evaluation is by the WTO and the OECD, who are releasing global trade statistics based on the value added to products of each country in products and services.
Brazilian foreign sales of agricultural products amounted to nearly US$ 96 billion, up 1% from 2011. There was an increase in volume shipped, but the average product price declined.
Mauritanian Foreign Minister Hamadi Ould Hamadi is in Brazil and among his objectives is seeking companies interested in an integrated project for sugar and ethanol production in the African nation.
The treaty should simplify exports of poultry and beef. This was one of the themes of the meeting of the Bilateral Committee, in Baghdad. The Arab country aims to invest US$ 120 bn in infrastructure.
Hamadi Ould Hamadi will be in Brasília next Monday. Topics on the agenda include bilateral cooperation in sugar and biofuels.
The delegation from the Sudanese state is in Brazil to progress with an agreement with the Brazilian capital forecasting cooperation in several areas.
The Arab Brazilian Chamber met in São Paulo with representatives of similar organisations in other countries and ambassadors of the Middle East and North Africa.
