Business

The Arab-Brazilian Chamber of Commerce (ABCC) will organize the Brazil-Arab Countries Economic Forum on April 2, 2018 in So Paulo, Brazil in an effort to increase the trade relations between the substantial South American country and the fourth biggest destination of Brazilian products abroad, the Arab world. The one-day economic forum will certainly be held under the theme Building the Future at Hotel Unique in partnership with the Union of Arab Chambers and the League of Arab States.

Top-level authorities, representatives from growth firms, and specialists are signing up with 6 thematic panels throughout the forum to talk about motivations, financial investment policies, and possibilities that could be capitalized on by both Brazilian and Arab companies and organizations.

Rubens Hannun, President, ABCC, said: "There are synergies still to be discovered and plenty of space to expand in the prospering relationships between Brazilian and Arab companies. The forum will certainly provide an excellent platform to discuss key opportunities that will allow us to bring our ties to the next level of development. Bringing major stakeholders under one roof is definitely a step more detailed to our objective of enhancing additionally our teamwork to accomplish mutually beneficial results.

Many leading provide numerous collaborative opportunities for both Brazil and the Arab region, including construction, finance, renewable resource, food safety and security, logistics, innovation, tourism, modern technology, and financial investments. The panel conversations throughout the forum will highlight the development potentials of a few of these key areas.

In renewable energy, as an example, Hannun mentioned that the initiatives of the oil-rich Arab countries such as the UAE and Saudi Arabia to go after tidy power and develop green cities in their respective regions have generated considerable and substantial new opportunities.

Furthermore, Arabs think about Brazil as a major food supplier and have recently sought investment prospects in the locations of food security and infrastructure. Among one of the most recent initiatives hereof are the acquisition of a risk in the Saudi SALIC fund in the Minerva refrigerator and the payments of DP World of Dubai in port terminals in Santos with Embraport.

While currently exporting approximately USD 10 billion in food to the 22 member nations of the Arab Organization, Brazil could still increase trade in foodstuff in addition to in other areas. In the case of food, Hannun stated the country is just able to fulfill 10 per cent of the need from the Arab nations and only 20 percent in regard to the need for meat.

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