Conference between Brazil and Emirates held in UAE

Juma Al Kait, Assistant Under-Secretary for International Trade Affairs at the Ministry of Economy of the UAE, highlighted the robust trade and investment relationship between the UAE and Brazil during the Brazil-Emirates conference.

The conference brought together both public and private sector representatives to explore new partnership opportunities in key sectors such as technology, agribusiness, decarbonisation, infrastructure, real estate, logistics, and tourism.

Bilateral ties between the UAE and Brazil are thriving, with non-resource trade expected to reach US.3 billion by 2023, representing a 42.1% increase from 2021. Furthermore, the UAE has already invested over US billion in the Brazilian economy.

Al Kait emphasized the significance of Brazil to the UAE, noting that Brazil was one of the first countries in South America to open a UAE embassy and remains the largest trading partner in the region.

He also highlighted the strategic positioning of both countries and the UAE’s recent entry into the BRICS community, signaling the country’s intention to foster mutually beneficial partnerships globally.

Concluding his speech, Al Kait encouraged Brazilian companies to leverage the UAE’s dynamic business environment, which offers advantages like 100% foreign ownership, favorable tax policies, and streamlined business setup procedures. He pointed out that the UAE’s Comprehensive Economic Partnership Agreement programme enhances access to global markets, with Mercosur countries serving as natural partners for leveraging the region’s supply chain potential.

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