Cairo Commerce Chamber meets Brazilian mission on enhancing economic ties

Cairo Chamber of Commerce (CCC) met a Brazilian mission on Wednesday to discuss improving economic relations and boosting volume of Egyptian exports to Brazil within the upcoming period.

The Brazilian delegation was headed by the CEO of Promotion Operations Sector for Middle East and North Africa at Brazilian Foreign Affairs Ministry and First Secretary of Brazil Embassy to Cairo.

First Vice-Chairman of the CCC, Ali Shoukry asserted that the Egyptian market owns prominent investment opportunities since Egypt is considered as a great gate to enter many markets notably the African and Arab ones.

The Brazilian side urged the CCC to provide all data and information necessary for Brazilian investments to enter the Egyptian market since the chamber has an office that communicate with foreign investors and provide them with all information about available investments opportunities.

Shoukry added that this visit should be a start for deepening mutual commercial ties between Egypt and Brazil through enhancing trade relations between Egyptian business organisations and societies and their Brazilian counterparts.

The official noted that establishing joint economic and trade entities between Egypt’s businessmen and Brazil would participate in enhancing the integration between two states.

On other side, the head of the mission clarified that the purpose of the visit is to boost economic cooperation between Egypt and Brazil besides showcasing challenges and available investment opportunities in Egypt. Additionally, the visit aims at promoting Brazilian products in order to increase exports volume.