Saudi Arabia and the UAE had imported a combined total of $3 million worth of pharmaceutical products from Brazil in 2015, said a top official of the Arab-Brazilian Chamber of Commerce (ABCC).

The major importers of pharmaceutical products from the UAE and Saudi Arabia recently held discussions with Brazilian pharmaceutical manufacturers, during the International Exhibition of Technology for the Pharmaceutical Industry (FCE Pharma), in São Paulo, Brazil.

The event was aimed at developing and further boosting the trade relations between the two Arab countries and Brazil, remarked Dr Michel Alaby, its secretary general and CEO.  

The prospective buyers, one each from the UAE and Saudi Arabia, were invited to the event as guests under the Brazilian Pharma Solutions programme designed to boost local exports by collaborating with priority international markets.

Managed by the Brazilian Pharmachemical and Pharmaceutical Inputs Industry Association (Abiquifi) and the Brazilian Export and Investment Promotion Agency (Apex-Brasil), the Brazilian Pharma Solutions comprises around 70 pharmaceutical companies, from medication and medication inputs manufacturing to veterinary medication manufacturing to biotech for healthcare, said a statement from ABCC.

“The recent event between Arab and Brazilian pharmaceutical companies could help further their respective pharmaceutical industries.”

“The positive and productive discussions between both sides signal their keenness to strengthen their relations and bring their cooperation to new levels of growth and development. We are confident that similar fruitful interaction will continue to take place in the future as we reiterate our unwavering support to such significant endeavours,” he said.

“This is part of our pursuit of further strengthening and sustaining the already robust relations between key Arab countries and Brazil,” he added. – TradeArabia News Service