Algeria Sees Arab Summit in Brazil as Good for Trade

The meeting of heads of State during the South America-Arab Countries Summit will pave the way for relationships between the two regions in various commercial areas, declared the Algerian ambassador to Brazil, Lahcène Moussaoui.

“I referred to trade, but I think that our relations, be that bilateral – between Brazil and Algeria – or between the Arab world and the South American community, can gain impetus from this type of encounter.”


One of the themes of the Summit, which will be held on May 10 and 11, is commercial approximation between the regions.


According to the Algerian ambassador, the encounter of Latin and Arab countries reveals the common interests of these nations.


“The initiative is the best proof of this, because President Luiz Inácio Lula da Silva took it in the conviction that the two groups have many common interests, political, economic, and cultural.”


Moussaoui also said that since he arrived in Brazil in 2001, Brazilian exports to Algeria – which amounted to only US$ 41 million at the time – have more than doubled each year.


“Algeria is now Brazil’s chief Arab partner, and Brazil is our chief partner in Latin America. We have already attained US$ 2.3 billion in trade relations.” Last year Brazil imported US$ 1.9 billion worth of products from Algeria.


The Arab League, formed by Algeria and 20 other countries, has been enlarging its commercial partnership with Brazil in recent years, at a greater average rate of growth than other blocs, according to the Ministry of Development.


Between 2003 and 2004 Brazil’s exports to Arab League countries grew 46%, while imports grew 56%.


Agência Brasil

Tags:

You May Also Like

It’s April in Brazil. Time for Invasions, Road Blocking, Marches by the Landless

Brazil’s MST, the Landless Rural Worker Movement has been demonstrating since the beginning of ...

This Brazilian’s Promise: To Become the Richest Man on the Planet

Brazil’s billionaire Eike Batista said that he expects to become the world’s richest person, ...

Brazil Hosts Over 100 Environment Ministers for Global Eco Conference

Beginning Monday, March 13, two meetings sponsored by the United Nations in Curitiba will ...

A First: Angola Receives Brazil and Other Six Portuguese-Speaking Countries

In Angola for the 10th ministerial-level meeting of the Community of Portuguese-Speaking Countries (Comunidade ...

Texas-Based Firm Partners with Brazil in Spreading Computer Culture

The Education Secretariat of Goiás state in Brazil has launched the Simdesk on-demand computing ...

Dollar Reaches Record Lows in Brazil While Brazilians Spend 44% More in Overseas Trips

For the 6th straight day the American dollar continued on Tuesday its free fall ...

Not Just Sun and Sea: Brazil’s Northeast Brings Back Colonial Past

In the interior of Brazil's Northeast the expression "a moça ficou para o caritó" ...

In US and Europe Brazil Is Overwhelming Favorite to Win the World Cup

The results of an online survey conducted among a multi-country sample to gauge which ...

UN to Study Independence of Judges and Lawyers in Brazil

The Special Rapporteur on the independence of judges and lawyers of the United Nations ...

Brazil Tells in Peru What It’s Doing to Reduce Amazon Deforestation

Brazil’s Minister of Environment, Marina Silva, who is participating in an ecological conference (called ...