Arab Chamber executives met with companies that are going international during an event hosted by São Paulo city hall agency SP Negócios and mapped out their willingness to sell to Arab countries.
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According to the WTO, global trade flows are poised to go up 2.6% in 2019, down from 3% in 2018, when it had already fallen short of expectations. Brazil lost one position on the ranking of leading exporting countries.
Brazilian trade balance registered its second-best result in February months since the survey started.
Hassan Mourad was nominated together with the new cabinet formation of the Arab country. The position didn’t exist in the previous government. He was born in São Paulo in 1976.
Import-restrictive measures adopted by members of the bloc, from May to October, have covered an amount of trade estimated in USD 481 billion, a new high.
The surplus is the result of last week’s USD 5.4 billion in exports and USD 3.4 billion in imports.
The fourth week of August saw exports reach USD 4.027 billion, with imports amounting to USD 3.586 billion.
The average number of measures per month went from three to six amid the trade war triggered by United States president Donald Trump.
