Tunisian Kamel Ben Naceur, head of the Ministry of Industry, Energy and Mining, visited the Arab Brazilian Chamber in the last appointment of his two-day trip to São Paulo.
Report on the economic perspectives for the Middle East and North Africa shows that countries will grow in 2014 and 2015, though all of them will have long-term challenges.
The country is looking to boost the fertilizer’s output, currently below 3 million tonnes, to 12 million. The information was supplied by de Kamel Naceur, the minister of Industry, Mines and Energy, who attended a forum in São Paulo.
Celso Amorim said the mark would ideally be attained within a ten-year period. At this time, 1.5% of Brazil’s Gross Domestic Product is allocated to the sector.
Higher production at national fields in Brazil took place in March over the same period in 2013. In comparison to February this year, there has been an increase of 1.4%, or 2.1 million barrels per day.
Exhibitors from Egypt, Algeria, Tunisia and Lebanon are participating in the supermarket industry fair in São Paulo. They are at a stand organized by the Arab Brazilian Chamber.
Tunisian Kamel Ben Naceur, head of the Ministry of Industry, Energy and Mining, said to ANBA that the trade relations between Brazil and his country ‘could be larger’.
The region’s imports of Brazilian products were down by US$ 70 million April-on-April. However, overall, the trade balance showed a US$ 506 million surplus on Brazil’s side.
Financial institutions polled by the Brazilian Central Bank estimate that the country’s GDP will be up 1.63% in 2014. Last week, the projected rate was 1.65%.
Food and construction importers will come to the country to watch Brazil’s matches and take part in matchmaking rounds. The Arab Brazilian Chamber will register Brazilian companies until May 12th.
Professor at the FGV-SP School of Economics, Claudio Jorge Monteiro, will speak to businessmen about what needs to be considered for an optimal relationship with banks and for raising funds on the equity market.
In Brazil, delegates from the Arab country will outline investment opportunities and the advantages to operating at Omani free zones. Ambassador says the event is a chance to develop closer ties.
Auchan operates in 15 countries and will open five commercial centers in the Arab nation. Initiative is a signal of the resumption of the investment.
The company posted R$ 797 million in revenues in Q1 this year. Revenues denominated in US dollars stood at US$ 338 million.
