Sun, 22 May 2022 - 06:58 GMT
Sun, 22 May 2022 - 06:58 GMT
CAIRO – 22 May 2022: A direct flight between Cairo and Sao Paulo will be opened soon to enhance trade, investment and tourism exchange between the two countries, announced Brazilian Secretary for Strategic Affairs Admiral Flávio Rocha in a press conference in Cairo on Sunday.
Rocha invited Egyptian businessmen to pump their investments into his country, noting that his country's government is currently working on drafting laws to facilitate the investment climate for Brazilian and foreign companies.
He indicated that his country seeks to build a strategic partnership with Egypt to enhance trade exchange between the two countries and benefit from the free trade agreement signed by Egypt with the Mercosur countries on 02 August 2010, during the 39th Summit of Heads of State of MERCOSUR and the Associated States.
Rocha said that Egypt can be Brazil's gateway to the African market, just as Brazil can be Egypt's gateway to the Latin American countries.
He added that Brazil enjoys food crops that Egypt can export as well to other markets, noting that Egypt has great potential in the field of fertilizer production and pointing out that the Secretary of Strategic Affairs at the Brazilian National Fertilizer Plan seeks to attract fertilizer companies.
Rocha also talked about the potential of cooperation in the fields of new and renewable solar energy, furniture, agricultural manufacturing, communications and information technology.
He pointed out that there are great opportunities for Egyptian companies in the field of seawater desalination projects in the northeastern region. Brazil is a country with an area of about 8.5 million meters, located on the coastal strip with a length of 8,000 km and owns about 5.2 million square meters of water.
Rocha is on a tour of nine Arab countries, including Morocco, Egypt, the Sultanate of Oman, the UAE, Kuwait, Bahrain, Iraq and the Kingdom of Saudi Arabia.
Meanwhile, Egyptian Prime Minister Mostafa Madbouly and Secretary-General of the Union of Arab Chambers Khaled Hanafi met with Arab Brazilian Chamber of Commerce (ABCC) Mr. Osmar Chohfi, discussing a project of establishing a Brazilian industrial zone in Egypt where Brazilian products like car components and textiles can be manufactured to be exported from Egypt to the rest of the world.
“Egypt was Brazil's third largest trading partner in the Arab region, but thanks to the growth of bilateral relations during the past months, Egypt advanced to become Brazil's first trading partner among Arab countries, with a trade volume of nearly $2.6 billion,” Hanafi.
During the meeting, the Egyptian Prime Minister received an invitation to participate in the Brazil & Arab Countries Economic Forum due to be held in Sao Paulo next July, under the patronage and presence of the President of Brazil.
The Prime Minister has directed forming a working group that includes officials from the General Investment Authority and the Cabinet, to communicate with the Arab-Brazilian Chamber of Commerce on proposals that can be agreed upon during the forum's work.
On 30 September 2021, Madbouly discussed with Brazilian Ambassador to Cairo Antonio Patriota launching a direct flight between the Egyptian and Brazilian capitals.
On 21 November 2017, Joao Bosco Monte, the President of the Brazil-Africa Institution told Egypt Today that Brazil was keen to cooperate with Egypt in various fields including energy, health, pharmaceuticals, and tourism, noting that such cooperation can be translated into establishing direct flights between Egypt and Brazil via cooperating with EgyptAir.