The Cairo-based multilateral organization is keen on building stronger ties with Brazil. Arab Brazilian Chamber of Commerce executives proposed actions to be taken with regard to food security.
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Agreements signed on Tuesday amount to USD 2.225 billion and include stakes in pre-salt oilfields.
The Federation of UAE Chambers of Commerce and Industry invited Brazilian companies to go to all seven emirates on a deal-seeking mission. The Arab Brazilian Chamber was called upon to join the effort.
Exhibitors at the food industry show opening next Sunday (26) in Dubai will include over 90 companies from Brazil. Their goal is to build rapport with clients and find new markets.
Governor Marconi Perillo will travel to the United Arab Emirates and Saudi Arabia with a delegation of officials and executives. The goal is to draw capital into major projects and boost trade.
Brazil saw a primary surplus of BRL 6.7 billion. For the full-year result, however, a BRL 143 billion deficit is expected.
Exports to the region reached USD 967 million last year, the Brazilian mining company reported. Vale bounced back from its 2015 loss to post a profit of USD 3.982 billion.
The Arab country is one of the target markets of Organics Brasil, a program designed to advertise the Brazilian industry abroad.
The rate of locally-made equipment and services will be reduced by 50% in oil and gas drilling tenders.
Foreign sales of capital goods from Brazil reached USD 446 million in January, a decline of 12% compared with January of last year.
The meat packing company saw revenue from foreign sales drop by 2.1% to BRL 5.7 billion. Accounting for 21% of total exports, the Middle East was the second biggest buying region for the company.
The treaty was reached under the aegis of the WTO. It has been ratified by 110 countries and became effective this Wednesday. It is expected to bring an additional USD 1 trillion to global trade.
Exports from Brazil to the region reached USD 688 million in January. Algeria was the highlight with a 108% increase in imports.
CEO Michel Alaby had meetings with the Council of Saudi Chambers and with the Brazilian ambassador in the country. He discussed institutional and commercial projects.
