• Categories
  • Archives

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:

  • 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Your email address will not be published.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

Seven Suitors to a Speaker’s Chair in Brazil

As Brazil’s political party leaders met to work out the details of the election ...

Brazil Close to a Deal on AIDS Drug with Abbott

Brazil continues to negotiate AIDS drug prices with multinational pharmaceutical laboratories. At the moment, ...

Brazilian Senate Urged to Approve Global Anti-Tobacco Accord

The Brazilian Clinical Oncology Society (SBOC), the São Paulo regional chapter of the SBOC, ...

Brazil Calls Latest Round of Global Trade Talks Pointless

The ministerial meeting in Geneva in the framework of the World Trade Organization (WTO) ...

Brazil’s Lula in Davos Urges End to Farm Subsidies

Before a multinational audience composed of entrepreneurs and heads of state attending the World ...

Brazil Gets Chile Backing for UN Security Council

In an interview after the meeting with Brazilian President Luiz Inácio Lula da Silva, ...

Brazil Hosts Over 100 Environment Ministers for Global Eco Conference

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

222 Million: the Official Number of Latin America’s Extremely Poor

In spite of recent advances Latinamerica still has 222 million people living in extreme ...

Poor families in Brazilian Northeast planting castor beans

A Model Farm Plants Fuel and Hope in the Brazilian Northeast

The dry and lifeless scenery of an abandoned cashew farm in the city of ...