The Brazilian legislative power approved the Cooperation and Facilitation Investment Agreement (CFIA) signed between the two countries in 2019. The document will now be forwarded to Brazil’s president to sign it into law.
Browsing: Economy
The Arab country in North Africa received USD 224.8 million in international investments in the first quarter. Services were a highlight.
A delegation of the Egyptian Customs Authority is in Brazil for a series of meetings aimed to foster the rapprochement between the two countries’ agencies, as well as fast-tracking the integration of the Ellos Blockchain system with the Egyptian Customs’.
Economies in the region are headed for a slowdown this year, driven by high inflation and the conflict in Sudan. Growth will decrease from last year’s 5.3% to 3.1% in 2023.
The World Bank said in a report that the economic perspectives for the country are bleak. Restrictions imposed by Israel makes the Palestinian economy operate below its potential.
Exports declined by 0.3% last month, but the surplus was up 5.5% as imports fell more.
The Brazilian market imports 7% of the food and beverage it consumes. Arab countries participate as suppliers of sardines, olives, oranges, and other items.
The 15th edition of the International Exhibition of Agriculture in Morocco will occur from May 2 to 7 in Meknes. The Brazilian Ministry of Agriculture and Livestock and the Embassy of Brazil in Rabat will take 11 companies.
High prices seen during the COVID-19 have already returned to pre-pandemic levels, but the sector still faces some challenges like port infrastructure.
The advanced technology and defense solutions company participated in the LAAD show this month in Rio de Janeiro and informed it would open a regional office in Brasília.
Established in Copacabana in 1972, the Brazilian beachwear brand Blue Man makes the Rio de Janeiro waterfront its home and bathers its models. It has been exporting since the 1980s and has succeeded in Dubai and Lebanon, where it sells swimsuits and cover-ups.
A calculation by Bloomberg released by the IMF points out the Arab country could play a relevant role in the progress of the world economy over the next five years. China tops the ranking.
A survey revealed that Brazilian fish exports grew 15% in 2022, reaching USD 23.8 million. Libya was the fourth main destination.
Sector foreign sales, which include day-old chicks and hatching eggs, increased by 93.7% in March. Saudi Arabia made substantial purchases, according to a sector entity.
