That is the assessment made by the secretary-general of the Union of Arab Chambers, Khaled Hanafy, who attended, this week, an economic forum in São Paulo.
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After seeing net withdrawals in January and February, savings accounts swung to a surplus in March, the Brazilian Central Bank said.
For companies to qualify for tariff exemption or reduction in the Mercosur-Egypt trade, they need to issue a special certification. The matter was discussed in a meeting in the Arab Chamber.
January through March saw 180,200 units shipped from Brazil, up 3.3% year-on-year. Production, sales and imports went up as well.
Dollar outflow surpassed inflow in Brazil for the second consecutive month.
The brand Date Crown, from producer Al Foah, officially entered the Brazilian market this Wednesday, launched by businesswoman Julia de Biase.
Last year saw Brazilian seaports handle 1.08 tons worth of goods.
In a seminar at the Arab Chamber, Jordanians showed to be interested in receiving Brazilian investments in the technology sector.
The forecast points to a USD 50 billion trade surplus in 2018.
The event, organized by the Arab Chamber in São Paulo, had over 700 people in the audience, plus lectures by ministers and by president Michel Temer.
The production of biofuel contributes to reduce unemployment, according to the president of Datagro. He was a speaker in a panel that also discussed Arab initiatives of green energy.
The BNDES’ Paulo Rabello de Castro said USD 15 billion worth of investment in the bank is expected in the next five years, and one third of it could come from Arab countries.
Brazilian president said, during the forum organized by the Arab Chamber, that the future of the country’s relations with the region will be even more prosperous.
At a lecture during the Brazil-Arab Countries Economic Forum, Henrique Meirelles of Brazil indicated that Gross Domestic Product might expand by more than the government’s official 3% forecast.
