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.
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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.
A total of 107.6 million tonnes of cargo passed through Brazilian ports in April, marking a record for the second consecutive month, according to Antaq data.
The Libyan Government of National Unity announced selective implementation of a tax on consumption to be levied on imports of items alternatives to which are locally made or whose imports exceed domestic demand. Goods from Brazil will be exempt.
The Ministry of Commerce, Industry and Investment Promotion presented economic data for 2024, including commercial registrations and foreign direct investment, both of which rose.
The Arab-Brazilian Chamber’s office in Cairo hosted a meeting that discussed the creation of a Brazilian logistics zone in the Suez Canal Economic Zone.
Executives from the Arab-Brazilian Chamber of Commerce, companies from Brazil, and the Brazilian Embassy in Kuwait met with authorities and potential clients.
The Brazilian Minister of Finance discussed his country’s economy during his speech at the IMF conference in Saudi Arabia, where he also held meetings with local ministers to discuss investments, trade, and cooperation.
Data from the trade balance in the sector shows a surplus equivalent to USD 435 million.
Brazil’s corn exports to Egypt alone grossed USD 1.1 billion in 2024.
In a phone conversation, the two heads of state also discussed the fight against hunger and the visit of the Arab country’s leader to Brazil later this year.
The trade balance was boosted by a similar percentage increase in exports from both countries. Kuwait supplies mainly oil to the Brazilian market. Brazil exports chicken meat.
President Lula said during the Mercosur Summit in Montevideo that negotiations with the Arab country are progressing rapidly and are expected to be concluded by next year.
Emad Orfaly has been in São Paulo for a month. During a visit to the Arab-Brazilian Chamber of Commerce, he discussed opportunities to expand and diversify trade between the two countries.
