Brazil Furniture Growing Fast in Arab World

The Brazilian Export Promotion Agency (Apex) and the Brazilian Furniture Industry Association (Abimóvel) signed July 8, an agreement to increase furniture exports to the United Arab Emirates.

The agreement forecasts investment of US$ 7.6 million in trade promotion activities.


According to the executive superintendent of the Abimóvel, Miguel Sanchez Junior, Brazilian furniture exports to the United Arab Emirates, from January to May this year, reached US$ 2.4 million, which represents half of the total for last year.


“The Emirates have potential to become one of the main Brazilian markets,” stated Sanchez.


Last year, exports to the Arab countries in general total led US$ 5.6 million, which represented a growth of 600% compared to foreign sales in 2003.


According to Sanchez, the Brazilian furniture export figures show that the Arab market is the one that has been presenting the greatest growth in percentage terms, whereas the United States is the country that purchases most in absolute terms.


In the first five months of the year, the US have already imported the equivalent to US$ 163 million in Brazilian furniture.


According to the project manager at the Apex, Rogério Bellini dos Santos, the civil construction and hotel sector are in expansion in the Emirates.


“The Emirates want to attract new suppliers. The market is therefore very attractive for Brazilian companies,” he said.


Currently, 181 furniture sector companies have participated in the Apex-Abimóvel project, baptized Brazilian Furniture.


With the new agreement, over 220 companies should start integrating the program and exporting. The project also forecasts the generation of another 8,500 jobs.


“This year we are forecasting an export growth of at least 20%,” stated the president of the Abimóvel, Domingos Sávio Rigoni.


Last year Brazil exported US$ 940.6 million, which represented an increase of 42.2% when compared to 2003. With the new agreement, the country hopes to export around US$ 55 million more in 2006.


Apart from the United Arab Emirates, the new agreement forecasts promotion on other markets, like Mexico, Canada, the United States, the United Kingdom and Japan.


Fair in Dubai


Brazilian producers have already participated in four editions of the Index, the largest furniture fair in the Middle East. According to Sanchez, there are more and more businessmen interested in participation.


Last year, the fair, which also has the support of the Arab Brazilian Chamber of Commerce (CCAB), counted on 35 Brazilian companies, which occupied a space of 500 square meters.


“For this year an area of over 1,200 square meters will be necessary at the fair so as to receive all those interested,” stated Sanchez. Index 2005 is going to take place between November 28 and December 02, in Dubai.


ANBA – www.anba.com.br

Tags:

Ads

You May Also Like

Brazil Sees Paraguay’s Coziness with US as Reason for Concern

The creation of the Mercosur Parliament (Parlasur), scheduled to begin operations in January, was ...

UN force in Haiti

Why Brazil Must Remain in Haiti

With the tragic death of Brazilian General Urano Teixeira da Matta Bacellar, commanding officer ...

Brazil Opens World’s Largest Cow-Fat Biodiesel Plant

The largest world factory converting bovine tallow into biodiesel will begin production next June ...

In Fortaleza, Brazil, Old Buildings Tell City’s Story

Founded in the 17th Century by Dutch conquerors,  Fortaleza is one of the few ...

Like a Sovereign Nation, Brazil Slum Creates Own Currency

A bold and creative group of Brazilian slum dwellers, joined together in an association ...

Brazil on the Verge Again of Regulating Journalists’ Work

A new federal law regulating the work of journalists that was approved by the ...

Bolivia Accepts Being Brazil’s Partner Not Employee

The decree signed Monday, May 1st, by the President of Bolivia, Evo Morales, nationalizing ...

Beachfront house in Ubatuba, São Paulo, Brazil

Quite a Few Reasons Why Americans Should Move to Brazil

Why have I moved from checking the pulse of Asia to revisiting South America? ...

Brazilian Plastic Makers Plan to Export US$ 1.3 Billion by 2007

The Brazilian Export and Investment Promotion Agency (Apex) and the National Plastics Institute (INP) ...

Brazil Celebrates 72% Drop in Deforestation, Credits It to Green Arch

An area of 247 square kilometers (95 square miles) of Brazilian rainforest was cut ...