Author: Giuliana Napolitano

This will be one of the topics to be discussed during the visit Lebanese president Emile Lahoud will make to Brazil in February 2004. According to the Brazilian ambassador in Beirut, Marcus de Vicenzi, the presidents will "continue talks" started earlier this month, when president Lula visited the Middle East.

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The presidential tour may bring the Mercosur (the Common Market of the South, a customs union between Brazil, Argentina, Uruguay, and Paraguay) and the Arabian Gulf closer. The same may happen between the South American bloc and Egypt, stated Arab Brazilian Chamber of Commerce (CCAB) secretary-general Michel Alaby. According to him, in future state governors should organize missions to the region.

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Total Brazilian sales to the region rose only 2.8% from January to October this year, but Development, Industry, and Foreign Trade Ministry figures show that trade basket diversification has been gaining strength, stated the adjunct-secretary of the Foreign Trade Secretariat (Secex), Ivan Ramalho.

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"The market has great potential," states official Brazilian Tourism Agency (Embratur) president Eduardo Sanovicz, in an interview to ANBA. During the Brazilian Week & Trade Exhibition to take place in Dubai, apart from attracting tourists to the country, the government intends to capture infrastructure investment.

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Around 30 or 40 Brazilian businessmen and over 100 Arab enterprises should take part in the event. The meetings, in an attempt to create business opportunities and attract investment, should take place in all cities visited by president Luiz Inácio Lula da Silva and his party in December. In Libya alone, negotiations for contracts of up to US$ 1 billion in the infrastructure sector are possible.

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