Aside from Saudi Arabia, Egypt, the Emirates, Algeria and Morocco, other countries in the region, such as Lebanon, Yemen and Iraq, are establishing themselves as large importers of Brazilian products.
Author: Alexandre Rocha
Shipments from Brazil to Middle East and North Africa totalled US$ 4.3 billion in the first half of this year. The share of the Arab market in Brazilian foreign sales went from 4.56% to 6.15%.
In September, the Brazilian Supermarket Association wants the presence of representatives of at least 10 Arab companies in the sector to negotiate with food and equipment suppliers.
One of the main challenges facing the new Brazilian ambassador to Algiers, Henrique Sardinha Pinto, will be to even the trade balance, which is traditionally unfavourable to Brazil.
The restaurants owned by Fakher Shames, in Tripoli offer typical dishes and also Brazilian food, as a result of the influence of almost 14 years during which the Libyan businessman lived in Brazil.
Working on two large projects in Tripoli, the Brazilian construction company believes that the market’s potential will be sustained, and intends to remain in the country for ‘years and years to come.’
Odebrecht employs people of 31 different nationalities among its thousands of employees in Libya. In order to please Turks and Colombians, it even brings cooks from their countries of origin.
President Lula proposed actions with African countries to address issues such as the Doha Round, the crisis, and global warming. He also requested support for electing Rio to host the 2016 Olympics.
President Lula proposed, at the African Union summit, in Libya, that a meeting of ministers of Agriculture from across the continent be held in Brazil, so as to enhance partnerships in the field.
Libya is founding a holding company to manage the US$ 500 million that it aims to invest in Latin America, particularly in Brazil. The main focus is on the agribusiness industry.
The company has won a tender to build urban infrastructure in the vicinities of Tripoli. It will be the third large Brazilian construction company to have business in the Arab country.
A guest at the African Union summit, in Libya, the Brazilian president said that Brazil can strengthen its policy for cooperation with the continent even further and aid its development.
After participating in the African Union Summit, next week, in Libya, the president wants to ‘multiply the scale’ of initiatives of Brazil with the countries on the continent.
The capital markets of Brazil have been generating great interest among investors from other developing countries, as well as having returned to receiving expressive volumes of foreign funds.
