São Paulo – The Ministry of Development, Industry and Foreign Trade disclosed on Wednesday (4) that a trade delegation in North Africa this week closed US$ 975,000 in business in Morocco and expects to close contracts of another US$ 3.825 million over the next 12 months. The Moroccan city of Casablanca is the second and last phase of the trade delegation organized by the Ministry. The first was in Algiers, Algeria.
According to the ministry, there were 56 meetings with businessmen from Morocco and Brazil in the areas of engineering and building, logistics and transportation, pharmaceuticals, metallurgy, electric equipment, agricultural implements and medical and hospital equipment, among others.
As was the case with Algeria, the executive secretary at the Ministry, Ricardo Schaefer, said that he plans to propose to the government of Morocco the signing of an agreement for cooperation and facilitation of investment. “It is greater stimulation for Brazilian businessmen to invest in Morocco and for Moroccan businessmen to invest in Brazil,” said the secretary, according to a ministry statement.
The delegation to North Africa is organized by the Ministry and the Brazilian Export and Investment Promotion Agency (Apex), with the support of the Itamaraty, the Arab Brazilian Chamber of Commerce and the National Confederation of Industries (CNI).
*Translated by Mark Ament
