{"id":203785,"date":"2018-11-05T18:23:32","date_gmt":"2018-11-05T21:23:32","guid":{"rendered":"https:\/\/anba.com.br\/?p=203785"},"modified":"2018-11-07T20:40:37","modified_gmt":"2018-11-07T23:40:37","slug":"arab-chamber-ready-to-work-with-new-administration-on-trade","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/arab-chamber-ready-to-work-with-new-administration-on-trade\/","title":{"rendered":"Arab Chamber ready to work with new administration on trade"},"content":{"rendered":"

S\u00e3o Paulo \u2013 The Arab Brazilian Chamber of Commerce<\/strong> plans to work alongside Brazil\u2019s new administration to strengthen the country\u2019s ties with the Arab world. The organization wants to present to president-elect Jair Bolsonaro a study on the potential of increasing trade with the region.<\/p>\n

\u201cWe agree with the new administration\u2019s stance of developing production, agribusiness, infrastructure, and we want to seize to opportunity to show the potential of the Arab world,\u201d Arab Chamber president Ruben Hannun told ANBA this Monday (5).<\/p>\n

The goal is to present the study during the transition process still, before the new president\u2019s inauguration, in January 1st, 2019. The study was conducted before the election campaign, with the aim to present it to the winner of October\u2019s elections, regardless of the result.<\/p>\n

The research includes the history of the economic relations between Brazil and the Arab countries, the potential for growth and new proposals for actions to be taken in the coming years. The Arab Chamber estimates that the country\u2019s exports to the region could reach USD 20 billion until 2022, against the USD 13.6 billion registered last year.<\/p>\n

\u201cAs a bloc, the Arab world is the second largest buyer of Brazilian agribusiness products, trailing only China,\u201d reminded Hannun. \u201cA planning is necessary to increase the share of high added-value items and halal-certified goods in exports,\u201d he added.<\/p>\n

The executive pointed out that the halal market, of products suitable for Muslim consumption, is a niche of huge potential to Brazilian exporters not only in Arab nations, but also in Islamic countries. \u201cThe Arabs themselves want to increase purchases from Brazil, since they see the country as a large and reliable suppliers of halal products,\u201d he said.<\/p>\n

Brazil has become the largest supplier of halal animal protein, particularly beef and poultry, which reveals the importance of the Arab and Muslim countries to this production chain.<\/p>\n

Hannun also emphasized that Arab investors are interested in Brazil, particularly in infrastructure, the a priority sector for the new administration. He pointed out that Arab nations\u2019 sovereign funds hold 40% of all the assets controlled by funds around the world.<\/p>\n

\u201cInvestments in infrastructure allow, for instance, a more efficient outflow of production, which benefits them (the Arabs),\u201d said Hannun. Since they are not self-sufficient in food production, Arab countries rely on imports and see Brazil as a preferred partner to ensure food security for their populations. \u201cWe will reach these goals by working together,\u201d said the executive.<\/p>\n

Translated by S\u00e9rgio Kakitani <\/strong><\/p>\n

Press Release<\/div>\n","protected":false},"excerpt":{"rendered":"

The organization plans to present a study to president-elect Jair Bolsonaro on the growth potential of trade between Brazil and the Arab countries.<\/p>\n","protected":false},"author":2316,"featured_media":203774,"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":[106],"tags":[439,552,4639,376,517,5921,4642,377,496,2770,5809,12313,522],"class_list":{"0":"post-203785","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-foreign-affairs","8":"tag-arab-chamber","9":"tag-arab-countries","10":"tag-camara-arabe-en","11":"tag-exports","12":"tag-foreign-trade","13":"tag-government","14":"tag-importacao-en","15":"tag-imports","16":"tag-investments","17":"tag-israel","18":"tag-jair-bolsonaro","19":"tag-jair-bolsonaro-en-2","20":"tag-rubens-hannun"},"wps_subtitle":"The organization plans to present a study to president-elect Jair Bolsonaro on the growth potential of trade between Brazil and the Arab countries. ","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/203785","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\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=203785"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/203785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/203774"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=203785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=203785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=203785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}