Saudi Arabia has opened its market for Brazilian cotton, including raw cotton, cottonseed, and cotton waste. Brazil has become the largest exporter of cotton in the world this year.
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The declaration from the summit of the bloc, which is taking place in Russia, advocates for changes in international organizations, allowing more space for less developed countries. Brazil’s President Lula participated online. Thirteen new countries will be invited to join BRICS as partner states.
The UAE Global Business Forum takes place on Friday (25) in São Paulo to connect entrepreneurs from Brazil and the United Arab Emirates. The UAE’s minister of foreign trade, Thani Bin Ahmed Al Zeyoudi, participates.
Vipal manufactures tire retreading materials, with various nations in the Middle East and North Africa as key markets for its sales.
The Brazilian government announced that Saudi Arabia has authorized exports of these two new products from the national agribusiness, in the wake of two other market openings this year.
The Council of Arab Ambassadors in Brasília was received by Brazil’s Minister of Foreign Affairs, Mauro Vieira. They expressed gratitude for Brazil’s support for Lebanon and Palestine and called for an end to hostilities in the Middle East.
The foreign ministers of Brazil, Mauro Vieira, and Egypt, Badr Abdelatty, met in Russia to discuss the G20 event that will take place in Brazil in November, as well as the conflict in the Middle East.
The government of the North African country has removed the VAT on the import of up to 20,000 tonnes of beef, sheep, goat, and camel meat.
To circumvent the rising prices of olive oil, Brazilians are buying it in smaller volumes, according to Rita Bassi from the Oliva association. The outlook is for a decrease in prices, however, due to the good olive harvest beginning in producing countries.
Brazilian Dr. Leandro Totti Cavazzola, a reference in robotic surgery, has been conducting training with doctors from the Arab country for five years.
The Brazilian Chamber of Foreign Trade raised the import tax to 25% on certain iron and steel products and also increased rates on other items, including sodium chlorite and optical cables. Conversely, tariffs were eliminated for three products, including polyester threads.
GDP growth is lower than that recorded in 2023 due to the slowdown in the extractive sector. In a meeting with local authorities, the fund released new disbursements to the country.
Saudi-led Middle East Green Initiative expanded as 11 new members signed up, including Algeria and Lebanon, as well as the United Kingdom as an observer. The goal is to cooperate regionally in combating climate change.
The federal government announced the “Rice for the People” program to promote the rice production and stockpiling in the country. The goal is to stimulate the harvest of additional 500 thousand tonnes.
