The Arab Brazilian Chamber of Commerce signed a cooperation protocol with the Arab Union of Customs Executives this week in Cairo.
Author: Omar Assi
The Arab Brazilian Chamber regional director in Egypt presented Brazil and its population’s purchasing power to business people in the Arab country in a seminar organized by ExpoLink.
Egyptian Mahmoud Mohieldin participated in the Latin American regional forum in preparation for COP27 last week. Discussions sought to facilitate projects and financing.
The Egyptian fertilizer industry aims to increase Brazilian market sales through direct sales.
The Egyptian government facilitated clearance to avoid the accumulation of goods in ports and reduce the cost of products for the population.
Egyptian fertilizer company plans to expand capacity and portfolio. Entering the Brazilian market is one of Green Magic’s goals.
The Egyptian government implemented measures totaling USD 575 million, announced as exceptional aid to help citizens face the impacts of the global crisis.
Mansoura Glass Co. plans on increasing its current manufacturing capacity of 50 tonnes to 200 tonnes within five years. The company exports to Brazil.
The Egyptian government launched a strategy to save energy in the country. The goal is to generate more natural gas surplus for exports, favoring the inflow of foreign currency.
The Arab country obtained USD 19.3 billion in revenue from shipments of non-oil products. Chemicals and fertilizers accounted for 22% of the total.
According to information released by the Ministry of Supply and Internal Trade, the price of the product imported from Brazil dropped 12% at official points of sale in the Arab country.
The Egyptian government announced it will hold five major regional forums to present climate-related projects. They will occur right before the 27th United Nations Climate Conference, to take place in Sharm El-Sheikh in November.
The Arab country signed a Memorandum of Understanding with Indian company Renew Power to implement a green hydrogen plant.
Executives from the two institutions discussed how to cooperate to boost Egypt-Brazil trade.
