UAE, Brazil trade ties on solid trajectory

Inayat-ur-Rahman, Business Editor

The bilateral trade ties between the UAE and Brazil has always been quite strong with Brazil being one of the largest food exporters to the UAE for several decades.

“Our Expo participation catalysed and cemented its ties with the UAE, the Middle East and other global nations that was part of the nearly 200 country participants of the six-month long show.”

This was revealed by Silvio Nascimento, president of Embratur, also known as the Brazilian Tourist Board, during an exclusive interview with Gulf Today, adding that the innumerable doors opened up for the UAE-Brazil relations means that the friendship between the nations is going to reach new heights.

“As the flow of foreign investments between the two countries continues to grow, it will be exciting to see the new possibilities created through this ever-growing partnership,” he added.

Silvio Nascimento

He echoed that every year around 11 million Brazilian tourist travel to different parts of the world, adding that around 800, 000 Brazilian have visited outside Brazil in the first three months after C0VID-19 restrictions were lifted.

“The UAE is a key investment and tourist destination for our country as around 110, 000 Brazilians visited the Emirates last year.

“Being a hub for innovation and sustainability for all six months of its stay at the Expo in Dubai, our pavilion created an innovative, immersive, and unforgettable experience for the world with every aspect of the Brazilian life. Expo 2020, being an incredible opportunity for the exchange of cultures from all over the world, the Brazil pavilion showcased the world a myriad of possibilities that a platform like Expo could offer,” he added.

Overall, we have been able to present a complete picture of Brazil to a global audience and we are confident that this has done immense good to us in promoting the country’s culture, food, trade, travel and tourism and investments,” he added.

The fourth edition of Economic Forum Brazil and Arab Countries will be organised by Arab Brazilian Chamber of Commerce (ABCC) at São Paulo in July.

The biennial event, which has established itself as the main gathering place for discussions between Arabs and Brazilians, holds further significance as it coincides with the 70th anniversary celebrations of the ABCC.

“The forum, which is expected to attract officials from Brazil and Arab countries, Emirati business community as well as businesspersons and decision makers, will be held at Hotel Renaissance in São Paulo,” Nascimento concluded.