Participants of the Egyptian- Brazilian Business Forum – Press photo
CAIRO – 9 December 2017: An Egyptian official delegation attended the Brazilian –Egyptian business Forum, which has taken place in Sao Paulo, Brazil, a statement from the Trade Ministry said Saturday.
The delegation included Head of the Egyptian Commercial Service Ahmed Antar, Executive Chief of Export Development Authority (EDA) Sherine el-Shorbagy along with a number of Egyptian businessmen.
During the forum, Antar reviewed the Egyptian reform program and the measures taken by the government to improve the business environment in Egypt as well as the Trade Ministry’s strategy 2020 and national projects.
He referred to the bilateral free trade agreements Egypt has signed with several countries and economic blocs such as the Common Market for Eastern and Southern Africa (COMESA) and the Mercosur trade agreement, which entered into force in late September.
Mercosur is an economic bloc comprising Argentina, Brazil, Paraguay and Uruguay.
Head of EDA Sherine el-Shorbagy said there is a big opportunity for developing bilateral trade between Egypt and Brazil under the Mercosur agreement, calling on Brazilian investors to benefit from Egypt’s strategic location.
Shorbagy added that the coming period will witness more cooperation between both states in the fields of technical education and partnership between private and public sectors.
Bilateral trade between Egypt and Brazil stood at $1.77 billion during 2016, Industry Minister Tarek kabil said in a statement in September.