To the manager of the International Business Centre (CIN) of the Federation of Industries of the State if Rio de Janeiro, Caio de Mello Franco, who participated in the meeting yesterday (30) with a group of Algerian businessmen, "there is large trade potential to be explored" between the Arab country and the state. Since they landed in the state of São Paulo, last Thursday, the Algerians have met around 200 Brazilian businessmen. The contacts should generate around US$ 50 million in deals in six
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Around 120 Brazilian companies went to Hotel Blue Tree Towers Convention Centre on Thursday and Friday to offer their products to Algerian companies visiting Brazil on a trade mission. The businessmen left very enthusiastic with the possibility of future business. Today, the mission will have another roundtable, this time at the offices of the Federation of Industries of the State of Rio de Janeiro (Firjan), also in southeastern Brazil.
The largest exclusively Brazilian event in the Middle East will be organized by the Arab Brazilian Chamber of Commerce and by the Brazilian Export Promotion Agency (Apex). The exhibition pavilion will be over double the size of the one used last year. In 2003, large volumes of business were generated, US$ 30.7 million, as well as a future business forecast of US$ 115 million.
Yesterday, on the first day of the event, around 90 commercial contacts were made between Brazilian exporters and Algerian companies on a mission to Brazil. Still yesterday, the Brazil-Algeria business council was established.
One of the factors that may contribute to the increase in trade relations between both countries is an Algerian government development project that forecasts investment of US$ 50 billion in various sectors of the economy up to 2009. A mission of businessmen and government representatives from the Arab country is in São Paulo to do business.
One of the largest jewellery sector events in the Middle East, Jewellery Arabia 2004, to take place between October 5 and 9, should help Brazilian sector exporters to increase sales to the region. This will also be an opportunity to show the businessmen and consumers from various countries the creativeness and design of products made in Brazil.
Isaura Daniel São Paulo – Brazil has potential to receive investment from Arab countries, especially in the food, agribusiness, textile, and shoe sectors. This statement is by Deloitte Corporate Finance partner Ricardo de Carvalho. "Brazilian companies have products and technology, but they need capital to grow. In Brazil, money is very expensive," he stated. Carvalho
This forecast was made yesterday by the president of the Brazilian Association of Refrigeration, Air Conditioning and Heating (Abrava), Carlos Trombini, during the signing of an agreement for foreign trade incentives signed with the Apex. The Arab countries and Latin America are the two main targets of the project, which may generate 850 new jobs.
The foreign trade event finished on Friday. Various businessmen in the sector were interested in making contact with the Algerian mission arriving in São Paulo on August 26. To fair director Odair Busoli Filho, the balance of Transnational was positive.
The project, to have investment of an estimated US$ 1.3 million for the promotion of export of sector products and services, will be signed today by the presidents of the Brazilian Export Promotion Agency (Apex), Juan Quirós, and of the Brazilian Association of Refrigeration, Air Conditioning and Heating (Abrava), Eduardo Trombini. The organization is planning trade missions to the United Arab Emirates, Lebanon, and Saudi Arabia.
From the Newsroom São Paulo – Textile companies from the states of Pernambuco, Ceará, Paiuí, and Rio Grande do Norte, all in northeastern Brazil, are going to participate in three fashion shows in Europe in the months of August and September. From August 27 to 30, 16 companies will be participating in Madrid International Fashion
The producer of sanitary metals, based in the southern Brazilian state of Santa Catarina, already exports to over 20 countries in the Americas, Africa, Asia, and Europe, and has even done business with Algeria. The company started investing more intensely in foreign trade four years ago, and currently 18% of company revenues come from international sales.
Representatives of 15 companies and members of the Algerian government should be arriving in São Paulo, capital of the Brazilian southeastern state by the same name, on August 26. According to the Algerian ambassador in Brazil, Lahcène Moussaoui, this is the largest trade initiative ever made by Algeria in Brazil. "I see the possibility of business in all sectors," he stated. He believes that Brazilian export to his country can rise to around US$ 500 million in future.
Representatives of various companies visited the Arab Brazilian Chamber of Commerce stand to learn more about the Arab market and about the mission of Arab businessmen to visit São Paulo, the most industrial city in Brazil, next week. The Economic Development secretary of the São Paulo state government, João Carlos Meirelles, stated that expectations for greater trade between Brazil and the Arabs are "extraordinary."
