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.
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Free-trade agreement came into force in 2017. On Thursday, lectures at the Arab Brazilian Chamber will detail business evolution in this period as well as future perspectives.
The signing of a deal covering 17 non-tariff-related issues is expected to happen in December. Tariffs have been lifted under a previous deal entered into by the Andean country and Mercosur.
A Moroccan secretary of State convened with the president of the South American bloc’s Parliament in Rabat. She stressed the potential for building closer economic relations.
The Arab country’s minister of Economy and Trade Raed Khoury called on Arab Chamber president Rubens Hannun to organize a business mission and explore opportunities in World Bank-funded ventures.
So said the Brazilian foreign minister Aloysio Nunes. He also said he is ready to sign a Brazil-Morocco Cooperation and Trade Facilitation Agreement.
At a meeting in the Arab Brazilian Chamber offices, the director of Egypt’s Food Export Council discussed her country’s processed food export potential. Egyptian and Brazilian executives sat down to talk business.
Registrations are open for Brazilian companies interested in joining a seminar, product tasting and business-to-business meetings with 12 exporters from Egypt next Thursday.
