CBE receives 24 bids worth $1.15bn for T-bills tender denominated in US currency    Death toll in Indonesia's Semeru volcano eruption rises to 34, over 100 injured    Startups Without Borders to hold hybrid summit in Rome, Cairo    NTRA raises efficiency of mobile services in Sinai with EGP 513m investment    Economic recovery is essential in countering COVID-19 impact on Africa: Shoukry    Egypt advances to 21st in Climate Change Performance Index 2022    UNFPA, Canada delegation visits projects in Upper Egypt    Egypt, WHO discuss mechanisms to reduce antimicrobial resistance    Plastic Bank collects 150 million bottles in 2021, equivalent to 2,700 tonnes of plastic    US awards film residency programmes to Egyptian filmmakers at CIFF 2021    Irrigation Ministry highlights threats to Egypt's water security before Senate    DP World Sokhna: Integrated supply chain for Egyptian sugar    Egypt's PMI unchanged in Nov as higher inflation expectations weigh on: IHS    Egypt's LNG exports at full capacity of 1.6 bcf/d after gas price rise – minister    Indian Embassy in Cairo presents contemporary dance performances    Egypt explores water cooperation with 4 African countries    Al-Sisi visits Police Academy, witnesses admission exams    Soma Bay hosts Oceanman's Final World Championship 2021 for open-water swimming    Lebanese legend Fairuz is Egypt's most-streamed female singer on Spotify in 2021    Egypt, Qatar discuss cooperation in sports infrastructure    Mortada Mansour sets road map for Zamalek, after normalization committee depart    Egypt's trade with Nile basin countries climbs 26% y-o-y in 9 months    Egypt selected to host COP27 international climate conference in 2022    Number of British tourists to Egypt seen hitting 500,000 this winter – envoy    The unvaccinated prohibited from entry to Egypt state institutions starting December 1    Egypt, Greece ink deal for first subsea power link between Europe and Africa    SCOHRE sparks discussion on harm reduction, tobacco control    Egypt to receive first of six high-trains from Spain's Talgo in mid-November    Egypt's iron and steel exports jump 197% in 8 months    Ethiopia halts work at its embassy in Egypt for 'economic reasons'    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    Brazil calls up 8 EPL players for World Cup qualifying    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Sisi calls on House, Senate to commence second legislative sessions on 3, 5 October    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    Qa'a play showing at Lycee El Horreya Theatre, Alexandria is a must go    APO Group enters new exclusive agreement with Getty Images on African press releases and images    On International Museum Day, Egypt opens two new museums at Cairo Airport    Old Cairo's Al-Fustat will be revamped on Egyptian President's directives    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Ministry of Trade delegation attends Arab-Brazil Economic Forum in Sao Paulo
Export Development Authority organises first trade mission to Brazil with 12 Egyptian companies participating
Published in Daily News Egypt on 04 - 04 - 2018

Through a large delegation comprised of representatives of the Ministry of Trade and Industry, Egypt participated in the events of the Arab-Brazil Economic Forum organised by the Arab-Brazilian Chamber of Commerce in Sao Paulo, in the presence of Brazilian President Michel Temer, in cooperation with the Arab League and the Federation of Arab Chambers. A delegation from the Federation of Egyptian Industries also took part in the event, along with a number of Egyptian businessperons and investors, along with a large number of Brazilian officials and ministers.
Michael Gamal, the director general of bilateral trade agreements at the Ministry of Industry's trade agreements sector, said that seven discussion sessions were held between the Arab and Brazilian sides during the forum. They involved the fields of economic cooperation, innovation and technology, food security, logistical services, joint investments, renewable energy, halal products, and tourism.
Gamal added that Egypt is the first Arab country to enter into a free-trade agreement with the Mercosur countries, pointing out the importance of using technology to create contact between the private sectors in both countries.
He said that during the session, a suggestion was made to create a mobile application that enables exporters and importers to obtain data on trade, such as custom fees, discounts, and exemptions. They could also learn information about certain goods within the framework of the agreements held between Arab countries and Brazil.
Gamal also pointed out that during the meeting, the Arab-Brazilian Chamber of Commerce held a seminar in cooperation with the trade agreements sector of the Ministry of Trade and Industry to review the most important Egyptian trade agreements in general and the Mercosur agreement in particular.
For his part, Rubens Hannun, the head of the Arab-Brazilian Chamber of Commerce, stressed the importance of trade cooperation between the two sides, as well as the importance of the free-trade agreement between Egypt and the Mercosur countries. He noted that the Brazilian president said during the meeting that it was essential to enter into similar agreements with several Arab countries such as Lebanon, Tunisia, and Morocco. He also announced his readiness to visit any Arab country once he receives an invitation.
The forum coincided with the Egyptian Export Development Authority (EDA) organising the first trade mission to Brazil in cooperation with the Commercial Service Office in Sao Paulo and the Arab-Brazilian Chamber in order to activate the free-trade agreement between Egypt and the Mercosur countries. The mission included 12 Egyptian companies representing several industrial sectors with promising opportunities in the Brazilian market. It aims to utilise the liberalisation of customs in these sectors, which include textile and ready-made apparels, agricultural crops, aromatic plants, fertilisers and chemicals, electric devices, and plastic products.
The mission will be holding several bilateral meetings with Brazilian companies. Additionally, a visit programme is prepared in order to carry out field visits in Brazil to look at products the country imports from rival countries and their selling prices in the Brazilian market. In addition, meetings will be organised with trade bodies, federations, and the Brazilian chambers participating in the Arab-Brazil Economic Forum in order to optimally benefit from this large gathering of Arab countries with Brazil, as well as the gathering of businesspersons, company owners, investors, importers and exporters, federations, civil society organisations, and trade and industrial chambers.


Clic here to read the story from its source.