The forecast points to a USD 50 billion trade surplus in 2018.
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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.
A survey reported by the Arab Chamber shows the potential of the tourism sector to the relations between the two regions.
During the Brazil-Arab Countries Economic Forum, the Arab League’s assistant secretary-general for Economic Affairs, Hassan Ali, said that to expand trade relations and investments is ‘a major goal’.
In launching the Brazil-Arab Countries Economic Forum this Monday (2) in São Paulo, the Arab Brazilian Chamber of Commerce’s president outlined a promising outlook for Brazil-Arab ties, while the General Union’s chairman suggested creating a bank to fund projects.
Brazil’s Michel Temer and Henrique Meirelles will speak at the Brazil-Arab Countries Economic Forum next Monday afternoon in São Paulo.
Brazil shipped USD 1.82 billion worth of goods to the Middle East and North Africa in the first two months of this year.
A consortium formed by Qatar Petroleum and Exxon Mobil won exploration rights for two Santos Basin and two Campos Basin oil blocks.
Event at the Arab Chamber next Tuesday (03) will gather Brazilian and Jordanian businesspersons to discuss trade and investments possibilities. Registrations are open.
Foreign machinery sales by the Brazilian industry totaled USD 1.67 billion in the first two months.
