The United Arab Emirates is in talks for a free trade agreement with the South American customs union. Minister Ahmed Al Sayegh discussed the topic at a press conference during the G20 Summit in Rio de Janeiro.
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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.
A note from Brazilian ministries details the payments made by the Latin American giant to international organizations this year, including the UN, FAO, OAS, WHO, and Mercosur. These contributions reaffirm the country’s commitment to multilateralism and international cooperation, according to the government.
According to Brazil’s Foreign Affairs Ministry, negotiations with the UAE for a free trade agreement have been ongoing regularly since they were launched and were addressed at the Mercosur foreign ministers’ meeting in Montevideo within the broader context of the bloc’s extra-regional agenda.
Palestine’s ambassador to Brazil Ibrahim Alzeben said Brazil’s ratification of the Mercosur-Palestine free trade agreement encourages other countries in the bloc to do the same and aids in the process of peace. He highlights the political relevance of the Brazilian action.
For the free trade agreement between Mercosur and the United Arab Emirates to progress, online meetings are set to occur in July and August, as well as an in-person negotiation in September. Finalization and signing of the deal are scheduled to November, during the G20 summit in Rio.
In a speech at the Mercosur summit in Paraguay, the Brazilian president mentioned the launch of talks with the UAE for an agreement with the bloc and Brazil’s ratification of the agreement with Palestine.
New ambassador from the Gulf state to Brasília, Talal al-Mansour says that trade between the two countries has the potential to go beyond commodities.
In 2023, the country paid nearly USD 1 billion to institutions like the United Nations and the Organization of American States.
The Ministry of Development, Industry, Commerce, and Services of Brazil has an open public consultation until December 18 to receive the opinions of the Brazilian productive sector and list interests, concerns, and opportunities in trade with the United Arab Emirates.
From Egypt opening its market for Brazilian exports to the possibility of Egyptians selling to Brazil. The Brazilian agricultural attaché in Cairo, Cesar Teles, who is concluding his mission, and the new executive in the position, Rafael Mohana, told ANBA how trade has evolved and the prospects for the future.
In a speech, the new Minister of Foreign Affairs of Brazil, Mauro Vieira, highlighted the work needed for the country to regain its leading role in the international community and spoke about the resumption of relations with Latin America, the Caribbean, and Africa.
Countries of the bloc agreed to lower taxes on products from nations outside the bloc.
Bilateral relations in all sectors were maintained, according to authorities who spoke at the opening of the Economic Sustainability Forum in Dubai this Sunday (3). Brazilian vice president Hamilton Mourão was the guest of honor at the event.
