Brazil wants to increase its exports to the country, which already accounts for around 10% of foreign sales by the sector. The Index fair, in Dubai, is the most important for Brazilian businessmen.
After a meeting between foreign ministers of the group and the Palestinian foreign minister, Riad Malki, the Brazilian Celso Amorim said ‘greater engagement’ of the bloc in peace talks has begun.
The Egyptian Trade and Industry minister, Rachid Mohamed Rachid, said his country would rather buy from Brazil than other places. He, however, wants a greater flow of Egyptian products into Brazil.
Maria de Lourdes Amado, a Brazilian artisan, showed her work at a fair in the Arab country. She sold some 100 products made out of the Brazilian fibre on the wholesale and retail markets.
The Brazilian Industrial Development Agency and the Egyptian National Competitiveness Council signed an agreement to encourage partnerships for innovation among companies from the two countries.
Foreign purchases totalled US$ 3 billion in March. The performance was influenced by imports of vaccines against the H1N1 flu. Revenues from exports totalled US$ 1.1 billion during the month.
The Ministry of Development has invited the organization to oversee the establishment of a Brazil-Egypt Business Council, after talks with the Egyptian General Authority for Investment, in Cairo.
The trade pact should be established at the bloc’s summit in Argentina. This was one a topic at the meeting between minister Miguel Jorge and his Egyptian counterpart, Rachid Mohamed Rachid, in Cairo.
Project ‘Mare Nostrum’, of the European Commission (EC), forecasts the creation of a tourist and cultural route connecting six cities of the Mediterranean, repeating ancient Phoenician trade routes.
Randon, a maker of highway implements, established a partnership with Egypt Power, in Cairo. Both companies joined forces to assemble and distribute semi-trailers in Egypt.
That year, the country may have a daily surplus of 1 million barrels of oil due to pre-salt layer discoveries. The information was disclosed by National Petroleum Agency advisor Leonardo Caldas.
Brazilian agribusiness shipments to the region generated over US$ 1.5 billion in the first quarter of 2010. The performance was greatly influenced by sales of beef and sugar.
Trading company Rural Trade signed a contract for shipping 2,000 tonnes of bovine meat to Iran. The deal was closed during business roundtables as part of the Brazilian mission to the Middle East.
According to minister Miguel Jorge, who heads a mission to the Middle East, Iran wants a trade agreement with the Mercosur. At first, a reduction of tax on trade with Brazil is going to be considered.
