Iraq to Import 250 Trucks from Brazil. Cars Will Follow

Mercedes Benz truck made in Brazil
Iraq is negotiating the purchase of 250 trucks from the Mercedes-Benz
plant in São Bernardo do Campo, in the Greater São Paulo, Brazil. The
information was disclosed by the Iraqi minister of Industry, Fawzi
Hariri.

Said the official who met with representatives of the multinational company: "This is an initial figure, and as soon as we start taking the first steps, we may increase that figure."

Further on, the Iraqi government plans on having a production line in the Arab country, and on importing completely knocked-down (CKD) kits to be assembled in Iraq.

"This will be a long-term process, one that should continue for over 30 years," said Hariri, who believes that production in the country should total 2,000 units per year. "It is a very positive strategy, both for the Brazilian employees and for those who will work in Iraq in the future," he added.

According to the minister, negotiations for importing the first truck units should be concluded by late July. "The project with Mercedes-Benz in São Bernardo do Campo should generate an annual turnover of between US$ 150 million and US$ 200 million," claimed Hariri. In addition to trucks, the minister also showed interest in importing Brazilian automobiles, among them those of Volkswagen.

In the 1980s, Volkswagen Brazil exported to Iraq the four-door version of the Passat model, which can still be seen in the country nowadays. "That was a very important moment for both Brazil and Iraq, and that is why we are back, to resume the work that was started in the past," claimed the minister.

Welcomed by the mayor of São Bernardo do Campo, Luiz Marinho, Hariri spoke of business opportunities in his country to more than 100 local businessmen. The sectors that the minister highlighted as potential targets for investment in the country include industries, tourism, transport, services and oil.

"Several developed, industrialized countries are investing in Iraq, mainly because we have laws to encourage investors," he said.

Hariri also said that in August, the Iraqi government should send its minister of Investment to Brazil to discuss opportunities in the country. According to him, over the last 5 years, the country's economy remained stable, with an annual inflation rate of 9%.

After the minister's visit, Marinho stated that he is interested in organizing a trade mission of businessmen from São Bernardo do Campo to Iraq. "Iraq is now a buyer country, and we are capable of offering several opportunities," said the mayor.

Today, the minister will head to Vitória, the capital of the state of Espí­rito Santo, seeking foodstuffs. On Friday, he will travel to Florianópolis, capital of Santa Catarina, where he should attend a seminar promoted with the support of the Federation of Industries of the State of Santa Catarina (Fiesc).

Anba

Tags:

You May Also Like

Brazil’s Jiu-Jitsu Becomes Required Course in the Emirates

Children between the ages of 10 and 14 in 12 public schools in Abu ...

Last Palestinian Refugee Group Resettled in Brazil

The last group of a total of close to 100 Palestinian refugees who lived ...

Brazil Is a Prisoner of Now with No Consideration for Tomorrow

Much before the skies were preparing for the rain, the tragedies in Rio de ...

Rio, Brazil, Among 4 Finalists to Host 2016 Olympics

Rio de Janeiro in Southeast of Brazil, known worldwide as Cidade Maravilhosa (Marvelous City) ...

Brazil’s Central Bank Sees Inflation Going Lower to 4.32% in 2006

This year’s Brazilian Broad Consumer Price Index (IPCA) is expected to register an inflation ...

US, China and India Are Priorities for Brazilian Exports in 2009

Those firms from Brazil that have the support of the Brazilian Export and Investment ...

Fields Medal Winner Meets with Brazil President and Asks for More Investment in Science

Mathematician Artur Avila, recipient of the Fields Medal, regarded as the Nobel prize of ...

Heavy Hand

The U. S.’ intervention in Colombian-Brazilian bilateral relations follows the election of a left-wing ...

IMF Chief Hopefuls Go to Brazil in a Seduction Mission

Christine Lagarde and Agustin Carstens, the two leading candidates for the position of IMF ...

Brazil’s TAM Airline Gets 47% Domestic Market Share and 71% International

According to data for October disclosed by ANAC, Brazil's National Civil Aviation Agency, Brazilian ...