Year to date, the North African country’s trade balance shows a negative deficit equivalent to USD 3.4 billion. Exports recorded a slight decline.
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At the LIDE Brazil-Morocco Forum, CEO Abdelhamid Addou said the airline will have six weekly flights to São Paulo in 2026 and will expand its fleet.
Countries signed a memorandum of understanding for technical cooperation on issues related to export credit insurance.
At the BRICS Business Forum, the President of Brazil said the countries in the bloc can play a leading role in promoting trade. A minister from the United Arab Emirates participated in the event.
Upon assuming the bloc’s presidency, Brazilian President Luiz Inácio Lula da Silva advocated signing an agreement with the European Union and advancing negotiations with the United Arab Emirates.
The data refer to May and the year-to-date total, according to information from Abimaq.
A survey conducted by the IMF shows that consumption, government investments, and job creation are responsible for the expansion of the Gulf country.
Khadlaj launches 13 fragrances featuring ingredients such as sandalwood, oud, and amber, through a partnership with importer BR Brand.
The GDP of the Arab country grew less in 2024 but is expected to advance this year based on the performance of the oil sector. Public spending also supports part of Libya’s economy.
Brazilian companies increased their exports to the Arab country last month. The leading products shipped were sugar and meat.
Brazil’s trade flow with the Arab country is based on food and fuels. Despite a 5.4% decline in trade over the first five months of the year, it grew last month.
LIDE Group is organizing a meeting in Marrakesh to discuss expanding investments and strategic partnerships in sectors such as technology, tourism, agribusiness, and more.
A memorandum of intent is expected to be signed in October with the Abu Dhabi Fund for Development. The goal is to attract investments to Ceará state’s capital.
In 2024, the North African country received USD 936 million in investment from foreign companies or institutions, according to UNCTAD.
