The biennial event that established itself as a gathering place for Arabs and Brazilians will take place on July 4 in São Paulo. This edition will celebrate the 70th anniversary of the Arab Brazilian Chamber of Commerce, and it’ll focus on innovation.
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In an article, the head of Middle East Desk of KPMG Brasil, Francisco Clemente, examines the performance of Brazil-Arab trade balance in 2021 and points out some prospects for this relation.
In 2021 the volume shipped to the Arabs and other major blocs was down. Production this year is expected to increase.
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.
In an online forum, representatives of the Brazilian state’s public and private sector discussed opportunities for partnerships and business with Arab countries. Arab Brazilian Chamber president and Market Intelligence manager participated.
In total volume, shipments declined 25% compared to August 2020. Cecafé informed the main reason for the downturn is the continuation of logistical bottlenecks in global maritime transport.
The amount was sent to the Middle East and North Africa in the last fiscal year, which ended in June 2021. The goal is supporting these nations in the fight against COVID-19.
OAB Santos will hold Americas, Asia, and Oceania International Conference next week. The sessions include debates on topics related to Arabs.
According to information released by the Arab Brazilian Chamber, Brazilian sales to the Arab countries stepped up in the first quarter. Vaccination has boosted the markets in the region.
In the Brazilian Agribusiness Forum, Arab Brazilian Chamber president Rubens Hannun discussed the challenge and the opportunity for Brazilians in value-added selling. The event took place online on Monday, 19.
In January, Brazil’s revenue from exports to the Arabs climbed 74% from a year ago.
Overall, food and beverage exports from Brazil climbed 11.4% from 2019. Despite a slump, Arabs are the second largest purchasing bloc of food products from Brazil.
How are the Brazilian and Arab economies in this second year of COVID-19? Which innovations will the world live with from now? These are some of the topics of the webinar the ABCC will host on Thursday (11), when it will also present its 2021 activities calendar.
Agribusiness products were the top exports from Brazil to the bloc, which reached USD 11.47 billion, down 6.3%. Decline was lower than in other Brazil’s foreign partnerships, though.
