Brazil’s Foreign Affairs minister Mauro Vieira reaffirmed the importance of relations with Arab states in lunch offered to ambassadors and authorities of the region.
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In a world that requires businesses to be more and more sustainable, Brazil has been a hotbed for enterprises focused on protecting the planet. The number of cleantechs in the country increased by 83% from 2020 to 2021.
Coffee was among the top 15 exports from Brazilian agribusiness to the Arab countries in 2022. Of the list, coffee saw the highest price increase, up 88% from 2021.
Sold for higher prices, agricultural commodities accounted for 71% of the trade with the Arab countries in 2022. Sugar, poultry and iron ore were the leading items sold to the bloc.
The country has invested in planting the crop conjoined with soybean. With estimates for a record harvest, specialists believe Brazilian producers will keep the buyers won over the last two years.
Taking stock of 2022, the year when the Arab Brazilian Chamber of Commerce turned 70, its president Osmar Chohfi highlighted the record-breaking trade between Brazil and the Arab market, the launch of a halal project, the Economic Forum Brazil & Arab Countries, and the expansion of electronic customs clearance system Easy Trade.
The growing population in urban areas has been one of the drivers of the change in Arab consumption, said an economist during event on the region’s market and halal certification.
Sales of Brazilian products to Arab countries climbed in the first eight months of the year. Revenue from goods such as poultry, sugar, soybeans and maize were up.
At an event held by Sebrae in Rio de Janeiro, the secretary-general and CEO of the Arab Brazilian Chamber, Tamer Mansour, spoke about essential steps in the internationalization of companies.
Brazilian exports to the Arab nations decreased and revenue from July 2021 to June this year dropped. The cycle was of lower production, but the Arab bloc also diminished its share.
In the opening of the Economic Forum Brazil & Arab Countries, speaking on behalf of the League of Arab States, Hossam Zaki invited Brazilians to look at investment opportunities in the Arab countries.
Arab delegation in Brazil was welcomed by the president of the Federation of Industries of the States of São Paulo and discussed the need for Brazil-Arab relations to go beyond trade.
The first panel of the Economic Forum Brazil & Arab Countries brought out the complexities and opportunities of the current global landscape.
The potential for a more strategic relationship is significant, emphasized Khaled Hanafy, secretary-general of the Union of Arab Chambers at the Economic Forum Brazil & Arab Countries. In a panel, executives from the Chambers of Oman, Bahrain, and Jordan spoke on the future of this connection.
