Author: Mark Ament

On the first day of the business meeting, businessmen from both regions sought information about the markets and economies of the countries participating in the summit. Inquiries about the foreign investment legislation were frequent on both sides. The search for partners was in the air, and on all tongues. Around 1,250 businessmen went to the Ulysses Guimarães Convention Centre yesterday. The stand of the Arab Brazilian Chamber of Commerce (CCAB) was visited by at least 50 people.

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The secretary general of the Gulf Cooperation Council (GCC), Abdul Rahman Bin Hamad Al-Attiyad, invited those participating in the summit to invest in the countries in the Gulf. Up to the end of the meeting between the heads of state of both regions, the Arab bloc should sign a framework agreement to begin talks for a trade treaty with the Mercosur. Negotiations of tariffs on commodities and services are included in the document.

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Marina Sarruf, special envoy* Brasília – The head of the Institutional Safety Cabinet, minister Jorge Armando Félix, stated that tomorrow (10), the opening day of the Summit of South American – Arab Countries and day of arrival in Brazil of the largest number of international delegations, will be an optional holiday in Brazilian capital Brasília.

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This was disclosed by the Brazilian minister of Development, Industry and Foreign Trade, Luiz Fernando Furlan. He participated today in a ceremony opening business meetings between the Arabs and South Americans, to take place in Brazilian capital Brasília, in parallel to the summit. Furlan also stated that trade between Brazil and the Arab countries should rise from US$ 8.2 billion to US$ 15 billion in three years. The minister thanked the work developed by the Arab Brazilian Chamber of Commerce

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Isaura Daniel, special envoy* Brasília – The sale of agricultural and livestock products, like beef, is one of the main interests of Paraguay in the agreement between the Gulf Cooperation Council (GCC) and the Mercosur, the customs union between Brazil, Argentina, Paraguay and Uruguay, to be signed during the summit. According to Leila Rachid de

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The summit between Arab and South American countries is also going to serve to strengthen the regional and bilateral agreements between both areas. Apart from signing a framework agreement between the Gulf Cooperation Council (GCC) and the Mercosur, the customs union between Brazil, Argentina, Paraguay and Uruguay, during the summit, the Algerian president is going to make use of this visit to Brazil to sign treaties with the country in the visa, phytosanitary and maritime transport areas.

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From the Newsroom* São Paulo – For the president of the Foreign Relations Committee of the Peruvian congress, Gustavo Pacheco, the summit between Arab and South American countries, to begin on Tuesday, in Brazilian capital Brasília, will help Peru establish mechanisms for cooperation with the Arab countries with the objective of increasing bilateral trade between

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Diplomats and scholars scheduled a symposium for the second half of this year to organize the setting up of a common library. Before the event, they will try to solve specific matters, such as the financing of the protect. Apart from translation of works that are fundamental for the South Americans and Arabs, other tasks of the library will be to provide incentives to the exchange of knowledge between professors. Scholarships may be given in the countries involved in the project.

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