Brazilian exports to UAE amounted to $714.07 million in Q1-23: President of Arab-Brazilian Chamber

Sun 16-04-2023 00:12 AM

ABU DHABI, 15th April, 2023 (WAM) — Osmar Chohfi, the President of Arab-Brazilian Chamber, said that the volume of Brazilian exports to the UAE is constantly increasing, with the value of Brazilian exports to the UAE totaling $714.07 million (approx. AED2.6 billion) in the first quarter of this year.

“We believe that these trade figures will continue to rise over the coming months as there are a myriad of opportunities up for grabs for the UAE and Brazilian markets to develop further together, ” he told the Emirates News Agency (WAM).

“ UAE is a major center for worldwide trade and a preferred destination for foreign investors,” he said, noting the expanding ties between Brazil and the Arab nations, particularly the UAE, in light of the two nations’ ongoing initiatives to deepen and broaden their well-established economic ties by investigating novel avenues for trade, partnership, and economic cooperation.

Hatem Mohamed

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