In an article, the head of Middle East Desk of KPMG Brasil, Francisco Clemente, examines the performance of Brazil-Arab trade balance in 2021 and points out some prospects for this relation.
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The Brazilian Federal Revenue has published a normative instruction exempting imported liquid petroleum gas cylinders for domestic use of some taxes.
A year ago, the agreement came into force and was signed by almost all African countries. Its goal is to expand regional trade, but opportunities go beyond the continent’s borders.
Last year, the Brazilian economy advanced at a rate higher than the 3.9% drop recorded in 2020. Service and industry sectors led the rise.
The Arab Brazilian Chamber office in Cairo will register Brazilian companies with the General Organization for Export and Import Control of Egypt.
A set of aeronautical sector equipment can enter the Brazilian market without import tariffs since March 2.
Knocked down and semi knocked-down light vehicles without local production will have tax reductions for up to two years to enter the Brazilian market.
The country saw an increase in sales of different agricultural goods to the Arab countries in January, including maize, sugar, beef and poultry.
Value of exports from the Arab countries to the Brazilian market stepped up 134% in January, driven by the mineral fuel prices.
The Arab Brazilian Chamber of Commerce and the Arab Union of Customs Executives discussed signing a memorandum of understanding aimed at removing customs barriers that could hinder Brazil-Arab trade.
The institution issued an initiative to guarantee import operations through covering risks associated with issuing letters of credit.
The International Monetary Fund report estimates a 2.2% growth in the United Arab Emirates in 2021 and 3.5% in 2022. The organization defends prompt measures to contain the spread of COVID-19 and economic support leveraged the improvement.
According to the secretary-general of the Arab Brazilian Chamber, Tamer Mansour, the 2022 edition was one of the best and could surpass the results of the last five years.
Based in Baghdad, Royal Nuts has Brazilian nuts among its products, and the item is also included in the brand’s nut mix.
