{"id":295264,"date":"2021-06-30T19:17:48","date_gmt":"2021-06-30T22:17:48","guid":{"rendered":"https:\/\/anba.com.br\/?p=295264"},"modified":"2021-07-02T16:09:05","modified_gmt":"2021-07-02T19:09:05","slug":"oman-wants-to-expand-trade-investment-agenda-with-brazil","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/oman-wants-to-expand-trade-investment-agenda-with-brazil\/","title":{"rendered":"Oman wants to expand trade, investment agenda with Brazil"},"content":{"rendered":"

S\u00e3o Paulo \u2013 The president of the Arab Brazilian Chamber of Commerce<\/strong> (ABCC), Osmar Chohfi, and the secretary-general of the organization, Tamer Mansour, met through videoconference with the president of the Oman Chamber of Commerce and Industry (OCCI), Redha Al Saleh (pictured above<\/em>) this Wednesday (30). Representatives from the partner chambers spoke about business opportunities to expand the trade agenda between countries, investment possibilities in many sectors, planned exchanges between business missions, and participation in events, such as Expo 2020 in Dubai.<\/p>\n

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Left to right, Mansour, Chohfi, and Baltazar<\/em><\/figcaption><\/figure>\n

\u201cThe Oman Chamber would like to exchange experiences and points of view to strengthen the commercial exchange between the two countries. There are many opportunities to be seized, our commercial trade has modest numbers, and we have the possibility of increasing it,\u201d said Al Saleh.<\/p>\n

According to Al Saleh, the sultanate has an economic development project aimed at some sectors of the economy, mainly the transformation industry. He stressed that the government of Oman has opened the doors to foreign investment and that there is no longer a need to have a local partner.<\/p>\n

Over the past five years, Brazilian exports to Oman have grown 11% a year, on average. In 2020, Brazil shipped over USD 700 million to Oman in products such as iron ore and pipes, poultry, beef, corn, and defense items. Brazil imports few products from Oman, including fertilizers, aluminum, oil, and sardines. \u201cThis is one of our challenges, to increase the agenda by introducing new products,\u201d said ambassador Osmar Chohfi.<\/p>\n

The president of the ABCC mentioned that exports have been growing, and large Brazilian companies, such as BRF (animal protein) and Vale (ores), have strong ties with the Arab country. \u201cVale has been present in Oman since 2007, with an iron ore processing plant, an investment over USD 2 billion. We want to expand this exchange, both in the context of trade flows and investments,\u201d said Chohfi. He also mentioned the importance of events and business missions to bring countries closer together in the post-pandemic.<\/p>\n

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Shaheen, ABCC advisor for the Gulf region<\/em><\/figcaption><\/figure>\n

To Al Saleh, trade relations between Brazil and Oman are modest and could be expanded by business people from both countries. He declared being proud of the presence of Brazilian companies such as Vale in the country and stated that he expects a visit from Brazilian businesspeople in 2022.<\/p>\n

The OCCI president emphasized other facilitations for foreign investors, such as a five to ten-year residence permit, depending on the size of the investment in the country. \u201cWe are making it easier for investors to stay in the sultanate, and the government still offers several incentives in our industrial areas,\u201d said Al Saleh, adding that Oman is strategically located and can serve as a logistical hub for Africa and Europe.<\/p>\n

\u201cWe signed the agreement with the ABCC in 2013, and it is still valid, but we would like to strengthen ties with meetings and conferences. Now, with the office in Dubai, we can meet every three months and further strengthen our relations,\u201d said Al Saleh.<\/p>\n

The Institutional Relations manager at the ABCC, Fernanda Baltazar, who also participated in the meeting, told ANBA that it indicates the resumption of relations, after signing the agreement, and the formation of a working group to build an agenda for 2021 and 2022, as well as an action plan between countries.<\/p>\n

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