Egypt delegation heads to Brazil in search of deals
29 de novembro de 2017
São Paulo – A government and corporate Egyptian delegation will be in São Paulo on December 7 and 8 to hold a seminar on the free trade agreement signed between the Mercosur and Egypt, which went into effect in September, and to take part in business matchmaking with Brazilian companies.
The head of Egypt’s Trade office in São Paulo, Mohamed Elkhatib, told ANBA that the group will comprise five representatives from the government, among them the director of the Egyptian Commercial Service (ECS), agency of the Ministry of Industry and Trade, Ahmed Antar, and the director of the country’s Export Development Authority (EDA), Sherine El Shorbagy.
From the private sector, the delegation will include ten executives from exporting companies from the construction material, textile, agribusiness and chemical products sectors. “They want to explore the opportunities to increase trade with Brazil and also benefit from the Mercosur agreement,” said Elkhatib.
On December 8, the Arab Brazilian Chamber of Commerce will hold, in the morning, a seminar, and in the afternoon, business matchmaking. “We will hold a discussion to see what we can do to promote trade and investments between Mercosur and Egypt after the agreement was implemented,” said Elkhatib. “There are many opportunities in Brazil and in Mercosur to explore,” he said.
Registrations are open to Brazilian companies that want to attend the seminar and take part in business matchmaking (see details below). “It’s an opportunity to get to know better the Mercosur-Egypt agreement, to take advantage of the opportunities created by the revocation of tariffs and also to know better Egypt’s potential as an exporting market,” said the Arab Chamber’s CEO, Michel Alaby.
Besides the opportunities created by the agreement, Egypt’s government wants to promote the country’s business environment and the investment possibilities, with an emphasis to the recently approved new legislation on the topic. On December 7, the delegation will meet with representative of Brazilian state agencies and sector associations.
Brazil’s exports to Egypt totaled over USD 2 billion from January to October, an increase of 32% over the same period of last year. The main items shipped were sugar, beef, maize, poultry and iron ore.
On the other hand, Egypt’s exports to Brazil were worth USD 140 million, up 91.6% in the same comparison. The main items exported to Brazil were fertilizers, naphtha and olive. The data is from the Ministry of Industry, Foreign Trade and Services (MDIC).
Business Meeting Brazil-Egypt
December 8, Friday, from 9 am to noon (seminar) and from noon to 3 pm (business matchmaking)
At the Arab Brazilian Chamber of Commerce, Avenida Paulista, 283, 11th floor, Bela Vista, São Paulo, SP
Information with Tamer Mansour
Phone: 55 11 3145-3222
*Translated by Sérgio Kakitani