Dubai Exports sees more trade with Brazil
Dubai, August 3, 2011
Dubai Exports, an agency of the Dubai Department of Economic Development (DED), Government of Dubai, expects more UAE companies to increase trade and their presence in Brazil.
The agency, which recently completed a successful trade mission to Sao Paolo and Rio De Janiero in Brazil, said the trade mission was a success.
The mission expects to see growth in UAE’s exports to Brazil in the coming years particularly in the sectors of finance, construction, and retail.
In partnership with Arab Brazilian Chamber of Commerce (ABCC), and Apex Brasil, more than 15 UAE companies participated in the trade mission. This second business mission aimed to further encourage trade partnerships between the private companies in the Emirates and Brazil.
Average annual (non-oil) export growth, over the last four years to Brazil, despite the economic crisis was evaluated at 166 per cent, with the total (non-oil) exports in 2010 of nearly Dh365 million ($100 million). Among the top products being exported by the UAE to Brazil are machinery and parts; plastics and plastics articles; aluminium and its articles; iron & steel & products thereof; building materials, and perfumes among others.
“The Brazilian economy is poised for further growth in the coming years. In the medium-term, both private and public consumption is expected to grow fast. The FIFA World Cup and the Olympics will offer excellent opportunities for exporters and investors in Brazil over the next few years,” said Saed Al Awadi, chief executive officer, Dubai Exports.
“Organising such trade missions ensures that our members are made aware of various business opportunities in outside the UAE. Missions and exhibitions, being few of the key export promotion tools we provide to our members, the trade mission allowed them to gain the suitable trade knowledge in expanding their presence in the Brazilian market,” Al Awadi added.
Sidnet Costa, UAE general manager for Apex Brazil quoted figures provided by the Ministry of Development, Industry and Foreign Trade of Brazil: “The volume of UAE’s exports to Brazil increased 62 per cent from 2009 to 2010 and that generated an increase of 182 per cent in the value of the exports. These numbers prove the effectiveness of the initiatives of Dubai Exports to consolidate new markets for the UAE products.” - TradeArabia News Service