The Brazilian footwear industry hopes to reverse the sharp tariff on sales to the United States but is also seeking new markets to sell its products.
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In a statement released on Friday (31), the company also said it is exploring the launch of a destination in Africa.
The estimate comes from the United Nations Development Programme (UNDP). The agency’s special representative says there is international willingness to contribute to this cost.
The Arab country will participate in next year’s FIFA tournament for the fifth time. Its last appearance was in 2014, in Brazil.
Egypt, Saudi Arabia, Algeria, the United Arab Emirates, Lebanon, and Libya are among the 20 leading destinations of the product, which reached a record export volume in September.
In his opening speech at the UN General Assembly, the Brazilian president advocates for multilateralism and again calls for an end to the conflict in Gaza.
The United Kingdom, Canada, Australia, and Portugal made the announcement on Sunday (21), two days ahead of the U.N. General Assembly.
The football tournament features five clubs from Arab countries and four from Brazil. Brazil’s Flamengo and Tunisia’s Espérance face off on Monday (16).
Driven by exports, the Brazilian footwear industry will increase its production to over 940 million pairs in 2025. The data was released to the press at the BFSHOW trade fair in São Paulo.
Brazilian industries exported 39 million pairs of footwear in the first four months of this year. Argentina, the United States, and France were the largest buyers.
First-quarter results show USD 26.4 billion in orders but also reveal a USD 76 million loss.
Out of the Arab countries, in addition to Egypt’s favorable position to secure a spot in the 2026 World Cup, Morocco and Algeria maintain good chances. The United Arab Emirates fired their coach, and like other nations in the region, it is still in the running.
The North African country was the 17th main supplier in February, according to a survey by Abicalçados.
The company was acquired by MetaApply from Dubai, United Arab Emirates. An executive says the merger will allow it to offer more and better services to students who are doing exchange programs.
