Sunday , January 17 2021

Brazil imports $ 7.6 billion from Arab countries in 2018



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Brazilian imports from Arab countries reached 7.6 billion dollars last year, 2018, Sami Helali, Economic Advisor to Brazil's Economic Development and Integration Chamber, said that this amount is increasing. Brazil's imports from the Arab countries in February 2019 to $ 1.22 billion, an increase of 7% over the same month in 2018.

Al-Hilali said in a statement Wednesday that "trade relations between Arab countries and Brazil have reached levels of trust, especially in Egypt, Saudi Arabia and Algeria." He pointed out that most of the Brazilian imports from Arab countries are concentrated in mineral fuels, oils, wax, fertilizers, salts, sulfur and some building materials, lime, fish and aluminum.

He added: "In the upcoming period, we will seek partnership (funds and business) with the Economic Chamber, development and integration in Brazil to increase the volume of trade between Arab countries and Brazil, in particular that Arab countries are rich in many industries and vegetables that can to be exported and benefit from the inflow of foreign currency from this country, to divert it into investments and productive projects that contribute to creating opportunities for work in the Arab region. "

Al Hilali after signing a deal to represent the Brazilian Chamber of Commerce, Development and Integration in several countries, including the Russian Federation, Saudi Arabia, Egypt, Jordan, Bahrain, Malaysia, Indonesia, Oman and Syria. .

He pointed out that "assets and business" will organize meetings with investors in these countries to facilitate the coverage of their Brazilian products and open markets for both sides.

The Economic Chamber, Development and Integration of Brazil chose Councilor Sami Al Hilali, Economic Chamber Advisor, to discuss the further co-operation between the Brazilian Chamber of Commerce and the Chambers of Commerce in the Arab region.


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