Dubai Exports, an agency of the Dubai Department of Economic Development (DED), Government of Dubai, having recently completed a successful trade mission to Sao Paolo and Rio De Janiero in Brazil is expecting more UAE companies to increase trade and their presence in Brazil through the close cooperation forged during the mission.
The Mission is expected to see growth of the UAE’s exports to Brazil in the coming years particularly in the sectors of finance, construction, and retail.In partnership with Arab Brazilian Chamber of Commerce (ABCC), and Apex Brasil, more than 15 UAE companies participated in the trade mission. This second business mission aimed to further encourage trade partnerships between the private companies in the Emirates and Brazil.Average annual (non-oil) export growth, over the last four years to Brazil, despite the economic crisis was evaluated at 166 per cent, with the total (non-oil) exports in 2010 of nearly Dhs365 million ($100 Million).Among the top products being exported by the UAE to Brazil are machinery and parts; plastics ‘&’ plastics articles; aluminium and its articles; iron, steel and steel products thereof; building materials, and perfumes among others.“Organising such trade mission ensures that our members are made aware of various business opportunities in outside the UAE. Missions and exhibitions, being few of the key export promotion tools we provide to our members, the trade mission allowed them to gain the suitable trade knowledge in expanding their presence in the Brazilian market,” said Engineer Saed Al Awadi, Chief Executive Officer, Dubai Exports.
From / Gulf Today