{"id":314289,"date":"2022-07-04T10:47:19","date_gmt":"2022-07-04T13:47:19","guid":{"rendered":"https:\/\/anba.com.br\/?p=314289"},"modified":"2022-07-07T14:38:08","modified_gmt":"2022-07-07T17:38:08","slug":"global-landscape-reshaped-international-trade-chohfi","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/global-landscape-reshaped-international-trade-chohfi\/","title":{"rendered":"Global landscape reshaped international trade: Chohfi"},"content":{"rendered":"

S\u00e3o Paulo \u2013 The COVID-19 pandemic and the conflict in Eastern Europe are reshaping global trade. So said Arab Brazilian Chamber of Commerce<\/strong> (ABCC) president Osmar Chohfi on Monday (4) in the opening ceremony of the Economic Forum Brazil & Arab Countries<\/strong> held by the ABCC in a hybrid format with an in-person part in S\u00e3o Paulo.<\/p>\n

Chohfi said that reciprocity and cooperation are some of the new pillars of the international relation. \u201cThe experiences all countries have gone through during the COVID-19 pandemic and the Eastern European conflict have made it clear that global trade must be based on very solid foundations of closeness, reciprocity, cooperation and technology,\u201d he said.<\/p>\n

Chohfi said that the ABCC got ahead of this transformation process by creating the first blockchain-based customs clearance system between Brazil and the Arab countries. \u201cOur customs clearance module Easy Trade, now integrated with our Ellos platform, allow us to validate freight documents in a totally digital, paperless manner within a previously unconceivable timeframe of up to two days,\u201d he said.<\/p>\n

The president discussed the current level of Brazil-Arab relations. According to him, the North Africa, Levant and Arabian Gulf markets are no major destinations for Brazilian agribusiness, and Brazil plays a crucial role in the food security of 420 million Arabs.<\/p>\n

\u201cOn the other hand, the Arab countries contribute towards Brazil\u2019s competitiveness by ensuring the supply of hydrocarbons and some of the fertilizers our agribusiness demands,\u201d Chohfi said. The ABCC\u2019s president pointed out that Brazil-Arab trade reached USD 24 billion last years and grows year after year, towards a more balanced relation between both sides.<\/p>\n

According to Chohfi, high value-added goods are increasingly more present in trade, benefited from the implementation of free trade agreements like Mercosur-Egypt\u2019s. \u201cMore agreements of this kind are necessary, and in this forum, we can look at how to overcome obstacles that hinder discussions towards entering into new free trade agreements between Brazil and the Arab countries,\u201d the president said.<\/p>\n

The forum, which focuses on Legacy and Innovation, celebrates the 70th<\/sup> anniversary of the ABCC. Chohfi talked a little about this story to the audience. The institution was founded in 1952 by Arab businesspeople, their children and grandchildren. According to the president, they saw in trade a way to deepen ties and build bridges between Brazil and the countries of origin of their ancestors.<\/p>\n

\u201cIn these 70 years the ABCC has become a reference in quality business intermediation that are safe for Arab and Brazilian companies in search of mutually beneficial business,\u201d he said. According to him, this relation gained momentum in a time that just like now required the countries to adapt to a new, challenging economic and trade landscape.<\/p>\n

\u201cI\u2019m talking about the 70s and 80s, when Brazil, in accordance with its balancing policies, intensified its trade with the Arab world, a trend that grew further in the 90s and over the first two decades of the twenty-first century,\u201d he said. According to him, oil, gas, fertilizers, vehicles, planes, construction materials, and engineering services have enriched trade since then.<\/p>\n

Chohfi called everyone to discuss how to deepen Brazil-Arab trade ties and essential questions about the future of the Brazil-Arab partnership in the Economic Forum Brazil & Arab Countries. The meeting gathers authorities, diplomats, experts and businesspeople from the two regions.<\/p>\n

The Economic Forum Brazil & Arab Countries is held by the ABCC in partnership with the Union of Arab Chambers, supported by the League of Arab States and sponsored by Travel Plus, Brazil Trade and Investment Promotion Agency (ApexBrasil), Fambras Halal, Embraer, Itaipu Technology Park, Pantanal Trading, Embratur, Khalifa Industrial Zone Abu Dhabi (KIZAD), Cdial Halal, Modern Living, BRF, Egyzone\/Am Development, Antika\/Openet BV, First Abu Dhabi Bank, Egyptian Financial & Industrial Co. (EFIC), Suez Company for Fertilizers Production (SCFP), Boa Esperan\u00e7a Agriculture Cooperative (CAPEBE), Prima Foods, and Afrinvest.<\/p>\n

Here\u2019s more on the\u00a0Economic Forum Brazil & Arab Countries<\/a>.<\/p>\n

Translated by Guilherme Miranda<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The Arab Brazilian Chamber of Commerce’s president opened the Economic Forum Brazil & Arab Countries on Monday (4) talking about the challenges that the current international context brings to international trade. The event celebrates the 70th anniversary of the Arab Brazilian Chamber.<\/p>\n","protected":false},"author":1455,"featured_media":314292,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13819],"tags":[10044,17206,17709,32087,11057],"class_list":{"0":"post-314289","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-brazil-arab-countries-forum","8":"tag-arab-countries-en","9":"tag-economic-forum-brazil-arab-countries","10":"tag-forum-economico-brasil-paises-arabes-en","11":"tag-forum-economico-brasil-paises-arabes-en-2","12":"tag-paises-arabes-ar"},"wps_subtitle":"The Arab Brazilian Chamber of Commerce's president opened the Economic Forum Brazil & Arab Countries on Monday (4) talking about the challenges that the current international context brings to international trade. The event celebrates the 70th anniversary of the Arab Brazilian Chamber.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/314289","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\/1455"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=314289"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/314289\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/314292"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=314289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=314289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=314289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}