The government of the North African country has removed the VAT on the import of up to 20,000 tonnes of beef, sheep, goat, and camel meat.
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On the second day of the Brazil Africa Forum, Brazil’s secretary for Africa and the Middle East, Carlos Sérgio Sobral Duarte, spoke about the continent’s economic progress and said the trade relationship with Brazil is modest compared to its potential.
Brazil’s year-to-date exports to the Middle East and North Africa grossed USD 17.7 billion through September, up 25% from the same period last year. The performance is on track for a new record.
Algeria has joined the list of the top 20 importers of Brazilian beef, at 34,200 tonnes from January to September. The UAE also increased their purchases, contributing to the rise in exports.
The Brazilian company supplies non-GMO corn-based ingredients such as flour and cornmeal to manufacturers. In a market with a growing demand for healthy, sustainable food, Milhão is making strides and exporting to Arab countries.
The National Oil Company confirmed the end of the blockade that hindered the normal production and export of Libyan oil. The insecurity of supply affected international oil prices.
A study by the Arab-Brazilian Chamber indicates that Brazil has opportunities to explore in the mineral products market in Arab countries, as it possesses iron ore, niobium, bauxite, manganese, gold, nickel, among others.
At a forum in Cairo, the head of the Arab-Brazilian Chamber of Commerce Office in Egypt, Micheal Gamal Kaddes, presented the results of the free trade agreement between the Arab country and Mercosur. Egyptian sales increased in revenue, and the range of products diversified.
The Brazilian Confederation of Agriculture and Livestock (CNA) sent a delegation to the Gulf Green fair in the United Arab Emirates. Businesspeople attended B2Bs, meetings, and seminars. CNA executives proceeded to Saudi Arabia.
Ahmad Mohammed Ali Mohamed Alshebani meets with the institution’s president, Osmar Chohfi, and secretary-general, Mohamad Mourad.
Immigration ties between Syria and South America have spread the consumption of mate in the Arab country. Argentina provides almost all of the yerba mate imported by Syrians, but Brazil is starting to gain ground.
The Arab country increased its purchases of fertile eggs and one-day-old chicks from Brazil by 1,727%, according to Brazilian poultry lobby.
The North African country’s minister of economy said the financial instrument will be released later this week for the purchase of basic items, of which the country still has stocks for three months.
Exports to the country have been consistently growing since 2022, based on the analysis of the first eight months of the year. Imports, on the other hand, are declining.
