São Paulo – The Dubai Export Development Corporation (EDC), owned by the emirate’s government, is going to promote a trade mission to Brazil in June, in partnership with the Arab Brazilian Chamber of Commerce. The goal is to seek business opportunities in the fields of export, import and services.
On the 13th and 14th this month, the delegation, which will comprise representatives of 14 Emirates0-based enterprises, will attend business roundtables with Brazilian companies at the Arab Brazilian Chamber headquarters, in São Paulo. Interested parties may enrol up until the 7th (view details below).
“This is the continuation of efforts on both the part of the Chamber and of the Dubai government to strengthen bilateral economic ties,” said the CEO of the Arab Brazilian Chamber, Michel Alaby.
EDC directors have already been to Brazil in 2010. “But this time it will not be solely a government mission, it will be entrepreneurial as well. They are coming to seek business,” added Alaby.
The delegation members operate in the fields of foods, civil construction, financial services, the hotel industry, legal consulting, transport and logistics, steel and iron, pulp and paper, petrochemicals, plastics and packaging. There should be banks, law firms, food companies, industries and airlines present, among others.
Aside from coming to São Paulo, part of the group should go to Rio de Janeiro, and then the entire delegation will head to Buenos Aires, in Argentina.
Over the last few months, other companies and organizations based in the Emirates have carried out promotion actions or done prospecting missions to Brazil. Such is the case with the Dubai International Financial Center (DIFC), National Marine Dredging, based in Abu Dhabi, and Mubadala, a state-owned investment company also based in Abu Dhabi.
The coming of these delegations will coincide with the announcement of the inauguration of another direct flight by Emirates Airline from the Arab country to Brazil, which indicates growing bilateral interest. Starting in January 2012, the company will operate a direct route from Dubai to Rio, with a connection in Buenos Aires. It already flies daily from the emirate to São Paulo.
Trade
According to the Ministry of Development, Industry and Foreign Trade, exports from Brazil to the Emirates generated US$ 466 million in revenues from January to April, a 10.7% increase over the same period of last year. The main items shipped were sugar, poultry, iron ore, wheat, iron and steel bars, semi-manufactured steel and iron goods, and beef.
On the other hand, Brazilian imports of Emirati products reached US$ 109 million, a 27% increase over the first four months of 2010. The main items shipped were aviation kerosene, sulphur, cement, polyethylene sheets and glass sheets.
Further information :
Arab Brazilian Chamber of Commerce
Business and Market Department
Tel.: (+55 11) 3147-4130 and 3147-4099
E-mail: infobiz@ccab.org.br
Site: www.ccab.org.br
*Translated by Gabriel Pomerancblum