The UAE-Brazil Business Council held its inaugural assembly in Sao Paulo at the sidelines of the G20 Business Summit (B20), paving the manner for more potent financial cooperation among the UAE and Brazil.
The assembly became attended via way of means of Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; Saleh Ahmed Al Suwaidi, UAE Ambassador to Brazil, Juma Al Kait, Assistant Undersecretary for International Trade on the Ministry of Economy, and a high-degree UAE delegation that blanketed senior officers and commercial enterprise leaders, along representatives from numerous of Brazil`s biggest organizations.
The assembly became co-chaired via way of means of Dr Mohamed Asaad Taher, Head of Business Development (MENA) at Abu Dhabi Future Energy Company – MASDAR, representing the UAE side, and Dr. Jefferson de Oliveira Gomes, Director of Technology and Innovation at Confederacao Nacional da Industria (CNI), representing Brazil.
Discussions centered on advancing UAE-Brazil change and funding via way of means of figuring out key avenues for collaboration in sectors which includes smooth energy, manufacturing, sustainable agriculture, and technology.
The assembly highlighted the UAE`s strategic blessings as a dynamic commercial enterprise hub and industrial gateway to Asia and Africa, leveraging its high location, world-elegance infrastructure, and investor-pleasant regulatory surroundings to help increase and cross-border expansion.
By aligning on shared priorities, the council ambitions to forge impactful partnerships as a way to power change flows, stimulate funding, and liberate collectively useful possibilities for financial cooperation.
In his starting remarks, Dr Taher said, “In setting up the UAE- Brazil Business Council, we’re constructing a important platform for deepening financial ties and unlocking new possibilities for collaboration in strategically crucial sectors.
I commend the council contributors for his or her dedication to increasing cooperation and developing precious commercial enterprise potentialities in each the UAE and Brazil. We look ahead to operating intently with our Brazilian companions to attain impactful outcomes as a way to reinforce change and create mutual funding possibilities.”
Dr Gomes said, “The council`s inaugural assembly marks a renewed dedication to the increasing strategic partnership among the UAE and Brazil throughout numerous sectors of mutual interest. Through the council, we intention to reinforce change and funding integration and set up new bridges of cooperation, particularly in regions wherein each nations preserve a sturdy aggressive advantage.”
The council concluded with a dedication to regular, strategic conferences to screen the implementation of joint projects and toughen financial ties. Key consequences emphasised leveraging rising possibilities to power sustainable increase and enlarge marketplace get entry to for organizations in each nations.
Trade members of the family among the UAE and Brazil have visible steady increase in current years. Non-oil bilateral change reached $2.sixty four billion withinside the first 1/2 of of 2024, marking an 18.2% boom over the equal duration in 2023 and 53.9% increase as compared to 2019.
Today, Brazil stands because the UAE`s biggest buying and selling accomplice in Latin America and 2nd with inside the Americas, following the United States.
The UAE delegation on the Business Council comprised a complete of 12 representatives from authorities entities and personal area organizations overlaying high-increase fields which includes funding, renewable energy, logistics, unique financial zones, defence, sports, and meals production.