Representatives of the institution met with Brazil’s ambassador to the Arab country, Paulino Neto, and the Arab League. Support for initiatives from the 22 Arab countries and participation in a forum in Brazil were key topics of the meetings.
Browsing: commodities
The commodity’s prices have declined due to a lower demand from China. Brazil’s trade balance could be impacted, and Arabs could import more.
This year’s GDP projections are based on the World Economic Outlook review, which also estimated 1.7% growth for Brazil.
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 joint work between Brazil and Arab countries in the carbon market, renewable energies, food security and transport was the topic of a panel on Friday (11) in the Brazil Pavilion at the United Nations Climate Change Conference in Egypt.
The memorandum of understanding signed in São Paulo by the DMCC Free Trade Zone and the Arab Brazilian Chamber provides for collaboration in seminars, roadshows, business missions, and indications of companies to do business in Dubai, in addition to institutional support.
Brazil is buying more in both value and kilograms. Experts see global supply chain reorganization and stock rebuilding as some of the reasons.
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.
The hike in costs of commodities such as soya and maize caused feed prices to rise, and the United Arab Emirates are having trouble buying from Brazil.
The trading company specializes in imports and exports of commodities, marble, granites, ore, gemstones, and others, and works with Arab countries such as Egypt, Morocco, Qatar, UAE, and Saudi Arabia.
The administration convened this week to outline actions intended to keep exchange rate fluctuations in check and protect purchasing power.
The travel, automobile and textile industries are standing still, but fertilizer and commodities keep being shipped from Brazil.
Member companies can register to join the premier food industry show in the Middle East, from February 16 to 20, 2020 in Dubai, UAE.
Year-to-date through May saw 730,000 bags shipped to that part of the world, up 52% year-on-year. Sales soared last month.
