São Paulo – Next Thursday (05/04), the Arab Brazilian Chamber of Commerce will hold, in São Paulo, a lecture on the New Certification of Origin to Egypt, with representatives from Egypt’s Ministry of Trade and Industry. The purpose is to answer questions from Brazilian exporters about the Mercosur-Egypt Free Trade Agreement, which went into effect last year, and explain what changes in the new process of proof of origin, among other red tape. Brazilian companies can now export and import paying less tariffs and taxes over certain products listed by the agreement.
The Arab Chamber Special Projects Advisor Tamer Mansour underscored the importance for Brazilian exporting companies to issue the new certificate of origin. “The taxes on sugar exports, for instance, dropped from 23% to 2% after the agreement, with the new certificate,” he explained. Around 78% of products making up exports to Egypt are covered by the agreement.
Representing the Egyptian ministry in the lecture will be Micheal Gamal, general director of international agreements, and Rania Hagrass, head of the foreign relations department. From the Arab Chamber will be its president, Rubens Hannun, and the CEO Michel Alaby, and they will also answer questions. The event is free of charge and open to the public, who needs to register here until April 4. The Arab Chamber’s headquarters is at Avenida Paulista, 283, 11th floor.
Trade balance
Egypt has bought over USD 2.417 billion worth of Brazilian products in 2017, up 36.5% in comparison to 2016. Among the products exported by Brazil are beef, cereals, ores and inorganic chemical products. In turn, Brazil imported USD 155.47 million worth of products from the Arab country, up 64.7% in the same comparison. The main products purchased from Egypt currently are organic and inorganic fertilizers, horticultural products, cotton and textiles.
Quick info
Lecture ‘New Certification of Origin to Egypt’
April 5, at 9:30 am
Arab Chamber’s Auditorium
Avenida Paulista, 283/287 – 11th floor – São Paulo
Registrations here
Translated by Sérgio Kakitani
