{"id":201084,"date":"2018-09-18T07:00:49","date_gmt":"2018-09-18T10:00:49","guid":{"rendered":"https:\/\/anba.com.br\/?p=201084"},"modified":"2019-06-30T11:59:41","modified_gmt":"2019-06-30T14:59:41","slug":"foreign-ministry-to-hold-commercial-mission-to-egypt","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/foreign-ministry-to-hold-commercial-mission-to-egypt\/","title":{"rendered":"Foreign Ministry to hold commercial mission to Egypt"},"content":{"rendered":"

S\u00e3o Paulo \u2013 The\u00a0Brazilian Ministry of Foreign Affairs<\/a> is holding a commercial mission to Egypt on November 13 and 14, led by foreign minister Aloysio Nunes and backed by the\u00a0Arab Brazilian Chamber of Commerce<\/strong><\/a>. \u201cEgypt is a country that we do significant trade with, but it falls short of what it could be,\u201d the director of the Ministry\u2019s Commercial Promotion and Investments Department, ambassador Orlando Leite Ribeiro, told ANBA.<\/p>\n

The diplomat visited the Arab Chamber\u2019s offices in S\u00e3o Paulo this Monday (17) to go over details of the mission with the Chamber\u2019s CEO Michel Alaby and International Relations vice president and ambassador Osmar Chohfi. \u201cWe are aware that Brazil runs a relevant surplus in trade with Egypt, so our wish is to increase trade as a whole, whether by increasing imports to Brazil [of goods from Egypt] or by diversifying exports from Brazil [to the Arab country],\u201d Ribeiro said.<\/p>\n

\"\"<\/a>
Ribeiro: the outlook is great for increasing bilateral trade<\/figcaption><\/figure>\n

Brazil exported over USD 2.4 billion worth of goods to Egypt last year, up 36% from 2016. The bulk of sales consisted of sugar, beef, maize, iron ore and poultry, according to Arab Chamber numbers. Conversely, USD 155.5 million worth of Egyptian goods were imported to Brazil, up 64.6%. Fertilizers, oil and oil products, plant-based foods and cotton made up most of that trade.<\/p>\n

Ribeiro remarked that much of what gets exported from Brazil to Egypt is low value-added goods. The Foreign Ministry wants the Arab Chamber to help it find companies that are interested in selling to Egypt, and ones that can supply items that are not widely sold yet.<\/p>\n

\u201cWe want to identify products which Brazil sells to the world, and which Egypt imports from elsewhere,\u201d he said. \u201cWe also want to identify products which Egyptians are interested in selling to Brazil,\u201d he added. The mission to Cairo (pictured above<\/em>) will include the Brazilian Export and Investment Promotion Agency (Apex-Brasil<\/a>).<\/p>\n

Dollar<\/strong><\/p>\n

The ambassador argues that this is a good time for businesses to invest in commercial promotion actions, since the US dollar is going strong \u2013 it is selling for over BRL 4.00 (BRL 4.12 at the time of writing) \u2013, and this makes Brazilian goods more competitive abroad. He points out, however, that participating enterprises must be able to invest in joining the mission and to offer competitive product, and their goals must be in line with those of the mission itself. \u201cWe want this to be a result-oriented mission,\u201d he said.<\/p>\n

The plan is to have delegates from 20 to 25 companies join. They will sit down for at least five handpicked meetings with Egyptian businesspersons each.<\/p>\n

\u201cEgypt is on a rebound, and it has been determined that there\u2019s a strong potential for trade to increase,\u201d said Ribeiro. That potential is further enhanced by the Mercosur-Egypt free trade agreement, which became effective last year and provides tax breaks or exemption on several goods.<\/p>\n

On October 9, the ambassador will deliver a lecture at the Arab Chamber offices to provide more in-depth information to companies interested in joining.<\/p>\n

Find out more<\/strong><\/p>\n

Brazilian Ministry of Foreign Affairs
\nCamila Silva Le\u00e3o d\u2019Araujo Olsen
\nCommercial Promotion Operations Division – Chief
\nPhone: +55 61 2030-8530
\nEmail:\u00a0camila.olsen@itamaraty.gov.br<\/a><\/p>\n

Arab Brazilian Chamber of Commerce
\nMarketing Department
\nC\/O T\u00e2mara Machado
\nPhone +55 11 3145-3277
\nEmail: tmachado@ccab.org.br<\/a><\/p>\n

Translated by Gabriel Pomerancblum<\/strong><\/p>\n

Khaled Desouki\/AFP<\/div>\n
Alexandre Rocha\/ANBA<\/div>\n","protected":false},"excerpt":{"rendered":"

A delegation of businesspersons led by Brazil\u2019s foreign minister Aloysio Nunes will be in Cairo on November 13 and 14 with support from the Arab Brazilian Chamber. The goal is to increase and diversify bilateral trade.<\/p>\n","protected":false},"author":1454,"featured_media":201078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[107],"tags":[439,268,2188,2189,37953],"class_list":{"0":"post-201084","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-opportunities","8":"tag-arab-chamber","9":"tag-camara-arabe","10":"tag-export","11":"tag-import","12":"tag-itamaraty-en-2"},"wps_subtitle":"A delegation of businesspersons led by Brazil\u2019s foreign minister Aloysio Nunes will be in Cairo on November 13 and 14 with support from the Arab Brazilian Chamber. The goal is to increase and diversify bilateral trade.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/201084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/1454"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=201084"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/201084\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/201078"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=201084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=201084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=201084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}