The first round of talks on the free trade agreement took place in Amman. The two parties have already traded product lists and should submit tariff reduction proposals by February.
Author: Alexandre Rocha
The government of Brasília is studying the possibility of taking a delegation of businessmen to the emirate during the Big 5 Show, in the building sector in the Middle East, to take place in November.
Brazilian foreign sales expanded in September. The effects of the international financial turbulence should be felt in the medium term, and at a lower level than in the durable goods industry.
Munir Sukhtian group, of medication and cosmetics, is going to sign an agreement with Pharma Vital, from São Paulo, during the visit of Jordanian king Abdullah II to Brazil, from October 23rd to 24th.
Even though Brazil is better prepared to face foreign turmoil, the credit crunch and the retraction of demand worldwide harm the productive sector and foreign trade.
The cooperative announced yesterday that it has become a joint stock company to expand its domestic and foreign business more easily. It aims to triple sugar and alcohol production in 10 years.
The business meeting should take place on October 24th, in São Paulo, during the visit of king Abdullah II. The Arab Brazilian Chamber and investment promotion agency of Jordan organise the event.
The meeting should take place on Tuesday and the objective is to mobilize businessmen for a mission to Dubai in November, for the general assembly of the World Trade Centres Association.
The region received US$ 71 billion in foreign direct investment in 2007. According to the Unctad, it was the fifth year of expansion. The bulk went to telecommunications and financial services.
Agreements in different areas should be signed during the visit of the Jordanian king, Abdullah II, to Brazil in October. Sectors will include tourism, education and political enquiries.
As of next week, diplomats from Brazil, which currently presides over the South American bloc, should resume talks on commercial treaties with Morocco, Egypt and Jordan.
Trade between Brazil and Arab countries reached US$ 13.6 billion by August, more than in all of 2007, and should exceed goals set a few years ago by the Brazilian government and the Arab League.
The minister of Education of Brazil, Fernando Haddad, said Brazil-Arab cooperation in the area is still below its potential, recalling initiatives with other countries in South America and worldwide.
Costing around 131 million euros, construction will take place in the city of Constantine, east of the country. This is the fourth enterprise by the Brazilian company on Algerian territory since 2006.
