• Categories
  • Archives

Minister Tells Lebanon Brazil Is a Great Market for Their Products

Hariri and Miguel Jorge The Lebanese government hopes Brazil may be one of the foreign investors in the country. The message was transmitted to the Brazilian delegation that visited the Arab country April 16 by the minister of Economy and Trade, Mohammad Safadi.

The Lebanese authority and the minister of Development, Industry and Foreign Trade of Brazil, Miguel Jorge, who headed the delegation to the country, opened the business roundtables between Brazilian and Lebanese businessmen, at the convention space at Hotel Habtoor, in Beirut.

Safadi said that Lebanon offers several investment opportunities for Brazilian companies, in areas like infrastructure, water and industry.

The minister also informed that the country has free zones where products are shipped with tax exemptions and where Brazilian companies may benefit. “Lebanon is a gateway into the Arab world,” said Safadi, recalling that his country is a good base for sales to the region.

According to Safadi, foreign trade figures between Brazil and Lebanon are very small, but have potential for growth. Last year, for example, Brazilians had revenues of US$ 310 million in trade with the Lebanese, mainly with sales of beef, live cattle, coffee and iron.

Lebanon, in turn, exported US$ 1.4 million to Brazil, mainly products like plastic fiber, plastic, marble and machinery for bakeries.

The minister stated that Brazil could buy food, medication and traditional products from Lebanon. “Brazil is a great market,” said the minister.

He recalled, however, that ties between Brazil and Lebanon go beyond trade, due to the great presence of Lebanese citizens and their descendants in Brazil.

“Our relations transcend business,” said Safadi to ANBA. Minister Miguel Jorge said to the businessmen present that there are eight million people of Lebanese origin in Brazil.

Anba

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil’s Share of World Investment Grows from 1.7% to 3%

The Brazilian share of worldwide foreign direct investment (FDI) has grown. According to the ...

Brazil Gets 5000 Requests for Asylum. Half of Them Are Denied.

The number of refugee status requests to Brazil is increasing and some of the ...

Brazil: Plot Thickens as Lula’s Presidential Candidate Faces Health Crisis

Just when President Luiz Inácio Lula da Silva thought he had installed his chief ...

Brazil to Replant Forests as Fast as It Cuts Them

Within three years Brazil should be replanting the same quantity of forest as it ...

For This Brazilian Firm Half of Business Will Soon Come from Middle East

Brazilian company WK Comercial Exportadora's target, headquartered in Curitiba, in the southern state of ...

Catholic Church Gets Credit for Wider User of Condom in Brazil

Recent research has revealed a greater willingness on the part of the Brazilian population ...

Markets: Another Red Day for Brazil

Brazilian and Latin America receipts posted modest declines, as strength in U.S. markets was ...

All I Need to Know About Life I Learn From My Old Brazilian Friend Pedrinho

“Hey! Hook-ass! Ya gonna buy me a beer?” Nothing like a funny old Brazilian ...

Furniture and Appliances Boost Brazil’s Retail Sales

Retail sales in Brazil grew 2.67% in May in comparison with May, 2004. The ...

American pilots Joe Lepore and Jan Paladino

Brazil’s Supreme Says American Pilots Can’t Be Compelled to Testify in Brazil

Ellen Gracie Northfleet, the chief of the Brazilian Supreme Court (STF), told the president ...