Arab Summit: Now in Brazil, Next in Morocco

The Brazilian Minister of Foreign Relations, Celso Amorim, announced that the next meeting of the Summit of South American and Arab Countries will take place in Morocco in 2008.

The minister made the announcement after participating in the meeting where the agreement between the Mercosur (customs union of the South, including Brazil, Argentina, Paraguay and Uruguay) and the Gulf countries was signed, at the Blue Tree Hotel, in Brasilia.


“I consider to be a victory all work for cooperation, development and continuity of the summit,” said Amorim.


Located in North Africa, Morocco owns two thirds of the phosphate reserves in the planet and is the greatest exporter of this product supplying 31% of the world’s market needs. The main industries in the country are of mineral products, foods and textiles.


With a population of 31.1 million inhabitants and a GDP of US$ 52.4 billion, the Moroccan per capita income is of US$ 1,684. Morocco is an important market for Brazilian products.


In 2004, global trade between Brazil and Morocco added up to US$ 589.9 million, and reached US$ 229.9 million in the first third of this year.


From January to April Brazilian exports to Morocco added up to US$ 142.9 million, an increase in 17% in relation to the same period last year. Brazilian imports of Moroccan products reached US$ 79.9 million, an increase in 47% in relation to the same period last year.


The main Brazilian products exported by Brazil up till April were sugar (47%), iron and steel (20%). Brazilian businessmen also export soy, wood, agriculture machinery, vehicles and bus and truck chassis.


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Your email address will not be published.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

Popular Brazilian daily O Dia, from Rio de Janeiro

Brazil’s Popular Press Has Also Room for Science

Science is a major topic in Brazilian newspapers aimed at low-income social classes, along ...

Brazil Market Down Under Clouded Political Skies

Latin American shares, much like their U.S. counterparts, gave up early gains and turned ...

Brazil’s Petrobras Swimming in Oil and Cash: Profits Up 33%

Brazilian state oil company Petrobras said its first-quarter net profit rose 33% over 2005 ...

Golden Chainsaw for Lula and Other Enemies of Brazil’s Amazon

Greenpeace, inspired by recent news from the Brazilian government, which shows that last year ...

What’s Real with the Real?

The first cases of AIDS in Brazil were diagnosed in São Paulo and Rio ...

Brazil’s Giant NovAmí©rica Now Makes Sugar Under Muslim Inspection

One of the main players in the Brazilian sugar market, NovAmérica, announced that it ...

English for Brazucas 4

What Brazucas call bife is actually uma posta de carne and may be prepared ...

A new era of gold in the making

Despite its gold-rich soil Brazil was never capable of exploring the country’s gold reserves ...

Brazilian Market Soars Anticipating Good News in the Interests Front

Latin American stocks were supported by a strong jump in Brazilian shares and impressive ...