Brazilian food & beverage companies are set to sign deals worth $1.44 billion this year after the participation of more than 100 businesses in the recently concluded Gulfood expo in Dubai, UAE.

This marks a 25 per cent hike from the $1.1 billion in deals that stemmed from the 2017 edition of the expo.

The overwhelming response enjoyed by Brazilian businesses at the event once again underscores the steady and continuous progress of trade relations between Brazil and the Arab World, a statement said.

The Arab-Brazilian Chamber of Commerce (ABCC) pavilion at the expo attracted many visitors, including key stakeholders and several business and collaboration prospects, reaffirming the popularity and demand for Brazilian goods in the region.

Rubens Hannun, president of the Arab-Brazilian Chamber of Commerce, said: “Our participation at this year’s edition of Gulfood has been extremely fruitful and we are confident that the new deals and consolidated partnerships will translate into significant business revenue in the coming months. The region represents one of our most important markets and hence the trade show is of great significance to us.”

ABCC is set to incorporate an even broader array of businesses and products next year. Brazilian exports to the Arab region had climbed significantly during 2016-2017, during which, ABCC recorded an 18.58 per cent increase to reach $9,908.58 billion in 2017 from $8,355.8 billion in 2016. – TradeArabia News Service