Executives from the Arab Brazilian Chamber of Commerce and the Egyptian Food Export Council met during Gulfood in Dubai and discussed initiatives to increase food trade between Brazil and Egypt.
Browsing: Mercosur-Egypt agreement
The free trade agreement’s committee is expected to meet in September, and one of its topics may be to accelerate tariff reductions. As a representative for Brazilian companies, CNI will propose the discussion and revise origin regulations for vehicles and auto parts.
The organization partnered up with the Confederation of Trade and Business Associations in Brazil (CACB) and the service is being made available in São Paulo and Itajaí since early February. Preferential certificates of origin are a requirement for eligibility for tariff breaks or tariff exemption in trade with countries that sustain free trade agreements with Brazil.
During a video conference on Tuesday (2), Brazil’s and Egypt’s Foreign Ministers discussed the Mercosur-Egypt agreement, ways to encourage more cooperation between the public and private sectors in both countries, and other issues.
During a seminar at the Arab Chamber, authorities said Brazil can benefit from Egypt’s free trade agreements with other parts of the world via indirect exports.
It will be two years in September since the free trade agreement entered into effect, and sales are still less-than-satisfactory. A move must be made toward more products and more sales, according to the Bilateral Trade Agreements director at Egypt’s Ministry of Trade and Industry, Michael Gamal Kaddes.
