Ezz said Egypt\u2019s economy is performing well, with Gross Domestic Product (GDP) and foreign trade numbers going up. \u201cWe are one of a handful of countries in the world whose exports are increasing\u201d \u2013 by 2%, he said.<\/p>\n
Rubem Mendes de Oliveira, the minister-counselor at the Embassy of Brazil in Cairo, said that while sales from Brazil to Egypt used to be significant even prior to the agreement, that wasn\u2019t the case the other way around. \u201cWithin three years, exports from Egypt increased by over 200%. Why such a big number? Because the basis for comparison was low, but I don\u2019t think many other countries in the world have increased their trade with any given partner in three years\u2019 time.\u201d<\/p>\n Arab Brazilian Chamber of Commerce<\/strong> (ABCC) secretary-general Tamer Mansour pointed out that customs tariffs have been lifted on products such as plants, mineral oils, quicklime and cement as a result of the treaty. He went on to discuss numbers pertaining to Egypt-Brazil trade. Mansour said 38% have purchased Arab products at some point, especially food, textiles and d\u00e9cor items.<\/p>\n The ABCC secretary-general said ensuring swift responses to the Covid-19 pandemic is a priority at this time. He mentioned actions rolled out by the ABCC since the pandemic broke out, including implementing online certification, creating the ABCC Lab, creating a parliamentary group to advocate the interests of Arab countries, and working to host the Economic Forum Brazil & Arab Countries<\/a> next October in a fully digital environment.<\/p>\n The director-general for Bilateral Trade Agreements at the Egyptian Ministry of Trade and Industry, Michael Gamal Kaddes<\/a>, discussed Egypt\u2019s export potential. He said key sectors as pertains to the Mercosur agreement are pharmaceuticals, machinery and mechanical equipment, building material, metal products, and food preparations.<\/p>\n ABCC president Rubens Hannun went over the progress that the Egypt-Mercosur agreement has brought about, and said the organization is available to support cooperation between the regions involved. Also featured in the webinar were Ashraf Moukhtar, head of the Agreements and Foreign Trade division of Egypt\u2019s Ministry of trade and Industry; Yasser Korani, of the Egyptian Commercial Service (ECS). Cesar Simas Teles, the agricultural attach\u00e9 at the Embassy of Brazil in Cairo, listened in on discussions.<\/p>\n Translated by Gabriel Pomerancblum<\/strong><\/p>\n![\"\"](\"https:\/\/anba.com.br\/wp-content\/uploads\/2020\/09\/WhatsApp-Image-2020-09-20-at-13.36.56-1-e1600623567185.jpeg\")
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