The assessment was made by the special advisor to the Presidency of the Republic, Marco Aurélio Garcia. He stated that the Kuwaiti delegation has shown interest in investing in Brazil.
Author: Alexandre Rocha
The two countries will form a group to look into trade and investment opportunities. Alongside Lula, the prime minister Nasser Al-Sabah called on Kuwaiti companies to enter Brazil.
The forecast for worldwide foreign direct investment flow in 2010 was culled from a report by the Unctad. The organization points to a first-half resumption, after two consecutive years of decline.
Authorities and businessmen from the Arab country are in Brazil on a mission headed by prime minister Nasser Al-Sabah. The trip is part of a tour that includes other Latin American countries.
The statement was made by the Arab country’s prime minister, Nasser Mohamed Al-Sabah, to the president of the Arab Brazilian Chamber, Salim Taufic Schahin, during a meeting in São Paulo.
The Jordanian minister of Industry and Trade, Amer Al-Hadidi, requested support from his Brazilian counterpart, Miguel Jorge, for the fast conclusion of the agreement.
The Jordanian minister of Industry and Trade, Amer Al-Hadidi, claimed that he and his Brazilian counterpart, Miguel Jorge, will discuss ways to conclude negotiations before the Brazilian term ends.
The Arab country’s Agriculture minister, Said Al-Masri, claimed that there is interest in purchasing meats and live animals. He also wants to promote cooperation in the machinery biofuels.
The heads of the Industry and Trade, Agriculture and Tourism ministries will meet with government officials and private sector representatives in the cities of São Paulo and Brasília this week.
Bilateral trade reached US$ 8.3 billion in the first half of the year, as a result of US$ 5 billion in exports from Brazil, and US$ 3.3 billion in imports.
Engineer Paulo Metri estimates that Brazilian pre-salt layer oil earnings should reach US$ 10 trillion, aside from the expected impact in fields directly or indirectly linked to the industry.
With more open markets than Europe and the US, the continent is a target for businessmen from countries such as Brazil. South Africa, Nigeria, Angola, Egypt and the Maghreb nations are highlights.
Following the lead of Brazilian construction companies operating in the continent, domestic products of all kinds are being sold. The main obstacle is obtaining financing in order to do business.
At a meeting with the board of the Arab Brazilian Chamber, the Syrian president spoke about infrastructure projects in his country and proposed a mission of Syrian businessmen to Brazil.
