Arab Brazilian Chamber heads spoke with the Egyptian assistant foreign minister for American Affairs, Hazem Fahmy, about establishing a logistics area for grains in the Suez Canal Economic Zone.
Author: Omar Assi
Latin American ambassadors and representatives from the Arab Brazilian Chamber visited plants of the company Abu-Qir in Alexandria and received information on the Egyptian fertilizer production. Latin American states will be the focus of a mission from the Arab country.
The Egyptian producer of tomato and fruit concentrates is assessing the Brazilian market, where it intends to enter with its products. Negotiations with representatives in Brazil are already taking place.
Companies from Egypt exhibiting at the food trade show in Dubai celebrated the signature of export deals during the show, which doesn’t usually occur. High number of visitors favored business.
Arab Brazilian Chamber executives were received at the Egyptian Chamber of Commerce in Alexandria, where they discussed business opportunities in Brazil and scheduled a workshop for business people in the region on the subject.
Egyptians exhibiting at the Dubai show have noticed a significant increase in visitors and are excited by the upturn of business after three years hampered by the pandemic.
At a seminar on exports, an Arab Brazilian Chamber executive announced a mission to prospect business for the Egyptian chemical industry in Brazil this year.
In a meeting, executives from both institutions discussed actions for Egyptian companies to explore the Brazilian market. USAID is a United States agency and supports small- and medium sized enterprises in Cairo.
The Egyptian prime minister explained the companies are distributed over 18 economic activities, including banks, housing and development, petroleum, and container terminals.
The Egyptian government is encouraging the cultivation of crops such as soybean and maize to expand production and boost the local vegetable oil industry. Minimum price guarantees are expected to be implemented.
The Russia-Ukraine war prevented the sector from reaching the 2022 target; nonetheless, it had a marginal 0.5% growth in international sales. The local government restricted exports of some items to secure local supply.
The country has boosted the efficiency of public companies to enter the first and second phases of its public offerings program this year.
Initiative by Arab government and private agencies provides for the use of an advanced digital platform to connect different players of the food industry, including exporters, importers, and providers of services like transport and logistics.
The Egyptian company has Brazil among its main export targets for 2023, according to an interview businessman Khaled El-Haggan gave to ANBA.
