São Paulo – Brazilian companies interested in taking part in the mission that Brazil’s Ministry of Foreign Affairs (Itamaraty) and the Brazilian Trade and Investment Promotion Agency (Apex-Brasil) are organizing to Egypt in November can attend a meeting on the subject next Tuesday (09), at 3:30 pm, at the Arab Brazilian Chamber of Commerce headquarters in São Paulo. Registrations are open.
In the event, Itamaraty’s Director of the Trade and Investment Promotion Department, Orlando Leite Ribeiro, and Apex-Brasil’s Business Director, Marcia Nejaim, will detail the mission. The Arab Chamber’s CEO, Michel Alaby, will talk about the Mercosur-Egypt Free Trade Agreement, which came into effect at the end of last year, and provide an overview of the Egyptian market. The Arab Chamber is supporting the mission.
The Brazilian delegation will be headed by Brazil’s Foreign Minister, Aloysio Nunes, and the mission will have both an official schedule, with the FM meeting with Egyptian authorities, and a side schedule with activities for the entrepreneurs, among them a seminar followed by B2B meetings. The mission will take place on November 13 and 14.
The organizers are looking to get mainly home and construction, healthcare, agribusiness, food and beverages and machinery and equipment companies to join the corporate delegation. These are fields in which the organizers believe good business opportunities are available for for Brazilians in Egypt. “The mission could open the market for new fields,” Alaby told ANBA.
Egypt is one of Brazil’s main trade partners in the Arab market. Brazil-Egypt trade totaled USD 1.3 billion between January and August of this year, with USD 1.2 billion in Brazilian exports to Egypt and USD 130 million in Egyptian exports to Brazil. Brazilians sold to the Arab country mainly basic goods such as meats, ores and sugar, and bought fertilizers, vegetables and cotton, among other goods.
In an interview to ANBA last month, Ribeiro said that trade between Brazil and Egypt has not reached its potential and that there’s room to increase both imports from the Arab country and diversify exports from Brazil. He said that currently, regarding exports to Egypt, Brazil’s excessively focusing on basic goods. The Mercosur-Egypt provides tariff cuts – in some cases tariffs are brought to zero – to many products in the trade between the two regions.
Quick info:
Launch of official corporate mission to Egypt
Tuesday, October 9, 2018, at 3:30 pm
Arab Brazilian Chamber of Commerce headquarters
Avenida Paulista, 283/287 – Bela Vista – SP
Information and registration: members@ccab.org.br or 55 11 3145 3200
Translated by Sérgio Kakitani
