Bader Alhelaibi was welcomed at the Federation of Business Associations of Santa Catarina by its chairman Sérgio Rodrigues Alves and congresswoman Caroline De Toni. The meeting with businesspeople aimed at strengthening trade relations between the Arab country and the state.
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Trade between Arabs and Brazilians in 2021 reached USD 24.25 billion. The UAE took over as the leading destination for Brazilian products.
Year to date through November, Brazil purchased 100.6% more Arab products compared to 2020. Nevertheless, the balance continued to post a surplus for Brazil.
Measure was announced by American president Donald Trump in response to the devaluation of Brazilian real and Argentine peso.