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Arab Delegation Went To Brazil For Bilateral Talks

World Trade

Open Eyes Opinion {source:WAM}

High-profile Arab diplomatic mission visits Brazil for bilateral talks

 File:Amazonas floating village, Iquitos, Photo by Sascha Grabow.jpg

DUBAI — A high-profile Arab delegation recently went on a diplomatic mission to Amazonas, the largest state in Brazil, to explore trade and investment opportunities between Brazil and Arab countries, the Arab-Brazilian Chamber of Commerce (ABCC) has announced.

The Governor of Amazonas, Jose Melo de Oliveira (Pros) hosted the delegation which comprised diplomats from 15 Arab countries and the League of Arab States. The Arab delegation also met Arthur Virgilio Neto, the Mayor of Manaus, the capital of Amazonas, during their visit.

Among the highlights of the visit were a meeting with local businessmen from the Federation of Industries of the State of Amazonas (FIEAM) and a seminar on the investment and business options between Manaus and the Arab Nations that took place at the FIEAM’s headquarters.

Amazonas is a very resourceful state with unexplored wealth and offers the right opportunities for the Arab region to enhance their business ties with Brazil.

Dr. Michel Alaby, Secretary General and CEO, Arab-Brazilian Chamber of Commerce, said, “The diplomatic mission from Arab countries to the Brazilian state of Amazonas was facilitated by the Arab-Brazilian Chamber of Commerce since we believe that such strategic visits are highly effective in building bridges and consolidating bilateral ties between the two regions.

We are confident that after the success of the visit, the investment at various levels will continue to grow and seek new possibilities of trade between Brazil and the Arab region. Brazil remains an active business partner for the Arab nations with US$13.4 billion worth of exports to the region, comprising primarily food stuff and commodities and US$11.4 billion of imports last year of mainly oil and oil products and fertilisers.”

In 2014, Amazonas exported US$3.2 million worth of products to Arab countries while exports were at US$492,000 as of Q1 2015. Though exports mainly consisted of motorcycles, they also included radios and televisions, rectifiers, shaving blades, stamping press, and mobile telephony terminals. On the other hand, the Brazilian state imported US$17 million worth of products over the past year and US$ 7.8 million in Q1 2015.

While Amazonas exported mainly to Egypt, the UAE and Morocco, it imported largely from the KSA, Qatar, Egypt, and the UAE.

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