Saudi Exports held business meetings between Saudi and Brazilian companies at an event in São Paulo on Tuesday (15). The Arab-Brazilian Chamber participated.
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Higher demand in India has caused international fertilizer prices to increase. The product is exported from Arab countries to Brazil.
Year to date, the North African country’s trade balance shows a negative deficit equivalent to USD 3.4 billion. Exports recorded a slight decline.
Countries signed a memorandum of understanding for technical cooperation on issues related to export credit insurance.
The data refer to May and the year-to-date total, according to information from Abimaq.
The Arab-Brazilian Chamber is organizing events focused on agrifood companies in Belo Horizonte on July 1 and in Uberlândia on July 3. Registration is open.
The country needs to increase its purchases of the product on the international market. The federation is meeting with potential trade partners also in search of frozen beef.
Brazilian companies increased their exports to the Arab country last month. The leading products shipped were sugar and meat.
Brazil’s trade flow with the Arab country is based on food and fuels. Despite a 5.4% decline in trade over the first five months of the year, it grew last month.
The Secretary-General of Brazil’s Foreign Ministry met with the ambassador of the Arab country to Brazil to receive copies of his letters of credence.
An event held by the Arab-Brazilian Chamber presented the results since the free trade agreement came into effect, as well as its untapped potential and the challenges ahead.
Both May and year-to-date egg exports are on the rise. However, shipments to the United Arab Emirates, the third largest buyer, show a decrease.
Supported by the Arab-Brazilian Chamber, the Brazilian chemical company made a trip last month to the United Arab Emirates, Egypt, and Saudi Arabia, during which it found a distributor and closed a sale. The company is considering opening a facility in the region.
With elegant and versatile pieces, the Brasília-based brand founded in 2020 now aims to reach the United Arab Emirates.
