Several Brazilian government officials spoke on the country\u2019s economic health, reforms, ongoing liberalization, and its attractiveness to foreign investment.<\/p>\n
Foreign Minister Ernesto Ara\u00fajo said the administration is working to improve the business environment and to reach new trade agreements. \u201cOur foreign policy is based on friendship and good business,\u201d he said.<\/p>\n
He also said Brazil and the UAE have built \u201cexcellent\u201d political and economic relations. \u201cAnd since we have matching world views, we can go far beyond,\u201d he argued. According to the FM, bilateral relations are rising to \u201cstrategic partnership\u201d status. \u201cAnd the business community is one of the drivers of these relations,\u201d he said. Ara\u00fajo concluded by saying that \u201cthe new economic cycle in Brazil\u201d is fueled by foreign investment and the private sector.<\/p>\n Chief of Staff Onyx Lorenzoni underscored that Brazil offers a safe investment environment, economic simplification and deregulation and a wide range of opportunities. He went over the Investment Partnerships Program (IPP), with projects \u201cexceeding BRL 1.4 trillion\u201d (or USD 683 billion at current exchange rates). He said priority industries include oil, railways, agriculture and renewable energy \u2013 especially solar and wind power \u2013 and mining, which according to him the UAE are very interested in.<\/p>\n \u201cPlease come to Brazil. Make it a great partner of yours. There\u2019s an ocean of opportunity in Brazil,\u201d said Lorenzoni.<\/p>\n Defense Ministry secretary-general admiral Almir Garnier said there\u2019s a huge potential for closer cooperation in defense, and that defense industry players have joined president Bolsonaro\u2019s entourage to figure out what the UAE\u2019s needs are, and to be able to cater to its Armed Forces.<\/p>\n On the UAE\u2019s part<\/strong><\/p>\n Speaking for the UAE\u2019s government, minister of State Ahmed Al Sayegh discussed bilateral cooperation opportunities in food security, mining, computing and other technologies. \u201cThe UAE are working on reforms to make its economy more competitive, so that foreign players can be successful here,\u201d he said. \u201cAnd the UAE are a gateway to promising markets such as India, Asia and the Arab countries. This translates into opportunities for Brazil and the UAE alike,\u201d he said.<\/p>\n Kicking off the seminar, Abu Dhabi Chamber of Commerce and Industry first vice chairman Ebraheem Al Mahmood pledged: \u201cWe will work with institutions and corporations in Brazil for increased cooperation in economy and investments between our countries.\u201d<\/p>\n The seminar was hosted by the Abu Dhabi Chamber in partnership with the Brazilian Trade and Investment Promotion Agency (Apex-Brasil), with support from the Arab Brazilian Chamber of Commerce<\/strong><\/a>. Emirati and Brazilian businesspeople from various industries were in attendance.<\/p>\n Chairmen S\u00e9rgio Seg\u00f3via of Apex and Saif Mohammed Al Hajeri of the Abu Dhabi Department of Economic Development signed a memorandum of understanding to support exports and reexports between the emirate and Brazil.<\/p>\n Translated by Gabriel Pomerancblum<\/strong><\/p>\n![\"\"](\"https:\/\/anba.com.br\/wp-content\/uploads\/2019\/10\/bolsoseminario2.jpg\")
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