Brazilians and Arabs Are All Business

Approximately 380 Brazilian businessmen and 27 entrepreneurs from five Arab countries – Jordan, Iraq, Lebanon, Palestine, and Yemen – took part in a round of business discussions February 15 and 16 in São Paulo, Brazil.

The encounter is supposed to stimulate trade relations between Brazil and the 22 members of the  Arab League. Last year commercial relations between Brazil and the Arab countries amounted to US$ 8.1 billion, 49.7% more than in 2003.


In some of the Arab countries, such as Syria, Libya, and Algeria, that received visits last year from President Lula or Brazilian government delegations, business transactions more than doubled in 2004.


According to the president of the Arabian-Brazilian Chamber of Commerce, Antônio Sarkis, Jr., most of the Arab participants already have business interests in Brazil. Still, these businessmen don’t import more than two or three products.


“They are motivated with the business potential. They had no idea of the quality and diversity of Brazilian products. Moreover, our prices are competitive,” Sarkis assures.


The sectors that stimulate greatest interest are sugar, beef, chicken, coffee, and powdered milk. Nonetheless, the Arabs are also attracted by manufactured items, including auto parts, electric material and motors, steel pipes, and textiles.


The Arabs’ visit is also expected to result in investments in Brazil. The Yemenese conglomerate, Hayel Saee Anam, which already has a business presence in 38 countries, came in search of partners for joint ventures in the agribusiness area.


There is still a big market waiting to be exploited, guarantees the president of the Arab-Brazilian Chamber of Commerce. Sarkis pointed out that in 2004 the 22 member countries of the Arab League imported a total of US$ 231 billion. Brazil’s percentage amounted to only 2%.


“Our goal is to increase Brazilian exports there from their current level of US$ 4.03 billion to US$ 7 billion in two or three years.”


To reach this goal, the Chamber plans to participate in 15 international fairs in the Arab world – 13 business fairs and 2 tourism fairs.


In addition, it intends to organize a big business event in May in São Paulo. The idea is hitch on to a summit meeting at that time in Brasí­lia among heads of Arab and South American states.


Translation: David Silberstein
Agência Brasil

Tags:

You May Also Like

How to Marry a Brazilian

For an American citizen the road to marry a Brazilian can be rugged and ...

There’s Still Time to Make Rio +20 Memorable for More Than Rio’s Picture-Perfect Scenery

I’ve been to many great cities around the world, but none surpass Rio’s stunning ...

Recycled Sandals from Brazil Find a Following

A small company called Sandálias 755, from the northeastern Brazilian state of Alagoas, is ...

Brazilian Bradesco Rated BB+ by Fitch for Long Term Foreign Currency

Fitch Ratings, the international rating agency, has given Brazil’s Banco Bradesco S.A. a BB- ...

Brazil Experts Betting Key Interest Rate Will Fall 0.75% to 15.75%

Brazil’s annualized benchmark interest rate (SELIC), which currently stands at 16.50%, is expected to ...

OAS Holds Political Forum in Brazil

“Democracy is impossible without transparency and citizen participation,” the Organization of American States’ (OAS) ...

Brazilian Ethanol Giant Cosan Buys ExxonMobil Brazil

Brazil's sugar and alcohol sector giant Cosan announced today, April 24, the purchase of ...

Brazil to Replant Forests as Fast as It Cuts Them

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

The author's corner in Itacaré, Bahia, Brazil

Life Is a Daily Adventure for This Gringo in Bahia, Brazil

When I catch myself whining about the rain or all the work to do ...

Brazil: Ending Real Estate Speculation Is Priority for P-SOL’s Presidential Candidate

At its 3rd National Convention, this past Saturday, Brazil’s Socialism and Liberty Party (P-SOL), ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`