Bahrain-Brazil growing trade exchanges praised

Brasilia, July 4 (BNA): The total volume of trade exchanges between the Kingdom of Bahrain and the Federative Republic of Brazil amounted to $2.2 billion in 2021.

“Brazil is the Kingdom’s first trading partner in general in terms of the value of imports in the second and third quarters of 2021,” said Samir Abdullah Nass, head of the Bahrain Chamber of Commerce and Industry.

In his speech before the opening session of the Arab-Brazilian Economic Forum, he stressed the keenness of the Bahraini private sector to expand partnerships with its counterparts, stressing the importance of strengthening cooperation in the technological sector, which is witnessing a remarkable development at the global level.

He stressed the need to establish a direct shipping lane between Brazil and the Arab countries, which would contribute to expanding the horizons of strategic partnership and diversifying the development of the volume of trade exchange between the two sides.

In addition to its role in motivating and supporting suppliers of small and medium enterprises with the direct transport system, which advances the Arab-Brazilian trade relationship to broader horizons at all levels.

“The economic conditions and challenges that the world has experienced during the past two years in the areas of health, the impact of supply chains, the increase in economic inflation rates and the effects of climate change push us to turn challenges into opportunities.” He said.

He stressed the importance of the digital economy, praising at the same time the great progress in trade relations between Arab countries and Brazil through promising sectors in which we can invest despite all challenges.

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