Sunday, December 16, 2018
Directory Directory Subscribe
Login
 

Suez Canal Economic Zone signs MoU with 2 big Brazilian ports

 
 

Please, enter data

Please, enter data

Egypt Today, 11 April 2018

The Suez Canal Economic Zone signed a memorandum of Understanding (MoU) with Brazil’s Port of Santos and Port of Itajaí, two of the biggest and most important ports in Brazil, AbdelKader Darwish, Vice Chairman of the zone said Wednesday.

Under the MoU, the ports will offer trainings and exchange of expertise. Meanwhile, during his visit to Brazil, Darwish met with a prominent apparel manufacturing company that captures 30 percent of the Brazilian market.

The company expressed its interest in establishing a factory in Egypt to export to Europe.

The company is set to visit the Suez Canal Economic Zone in a month.

Trade relations between Egypt and Brazil are expected to grow in light of the Mercosur agreement, which came into force last year.

The Mercosur agreement is a free trade agreement signed in 2010 by Egypt and the Mercosur bloc, compromising Argentina, Brazil, Uruguay, and Paraguay.

The implementation of the deal entails the immediate elimination of tariffs on a list of products for both sides, while a gradual reduction of customs duties will be applied to other products over the upcoming 10 years.

After this period, products will enjoy tariff-free movement among Mercosur countries and Egypt.

A Brazilian trade delegation will arrive in Cairo next week to discuss ways of boosting commercial relations between Egypt and Brazil, Head of the Cairo Chamber of Commerce (CC) Ibrahim al-Araby said on Tuesday.

Egypt Today
11/04/2018

  COMMENTS
Login to Add Your Comment  (for subscribers) | Subscribe

 

Latest News

Saudi Arabia ‘set for improved deficit in 2018’
TradeArabia News Service, 2 November 2018

Saudi Arabia’s deficit of SR49 billion ($13 billion) during the first nine months of 2018 was less than the financing of SR52 billion obtained in the first ...

Read full story
Saudi Arabia ‘set for improved deficit in 2018’
Turkish foreign minister hails ties with Qatar
Andalou Agency, 2 November 2018

Turkey's foreign minister on Thursday hailed the state of bilateral relations with Qatar.

Speaking at a meeting with Qatari Deputy Prime ...

Read full story
Turkish foreign minister hails ties with Qatar
Egypt reaches deal with IMF on $2 billion loan payment
The Daily Star, 2 November 2018

Egypt has reached an agreement with the International Monetary Fund on the release of the next $2 billion loan installment, the fifth under the country’s ...

Read full story
Egypt reaches deal with IMF on $2 billion loan payment
South Korea wins $500m deal for electricity in Iraq
Iraq Business News, 1 November 2018

South Korea’s STX Marine Service has reportedly won a contract to restore and operate diesel-fueled electric power plants in Iraq.

According ...

Read full story
South Korea wins $500m deal for electricity in Iraq
Back to Home Page 1637 --- 0 <><><> 424.83333333333.....exvideo=0....eximage=0
P 0
BR 19

 
Sustainable Digital Ecosystem Summit
22 - January 2019
GCC US Economic Forum
22 - January 2019
MOI Innovation & Foresight Summit 2019
5 - February 2019
2nd Lighting Tech Abu Dhabi Summit
25 - March 2019
Future Drainage & Stormwater Networks Abu Dhabi 2019
25 - March 2019
 
  View more  

Market Indecies
 
Saudi SE - 2.32%
Dubai FM - 4.53%
Abu Dhabi SE - 3.99%
Kuwait SE - 1.51%
Doha SM - 8.36%
Muscat SM - 6.18%
Casablanca SE Closed
Bahrain SE - 0.98%
Cairo SE Closed
Amman SE - 1.12%
 

Quick Links
  Reports  
  Articles  
  Brochures & Flyers  

Up-coming events
  Food Africa Cairo - 9 December - 11 December 2019  
IFP Group Events Calendar

Magazine sections
  Finance  
  Zoom  
  Growth Markets  
  Regional Overview  
  Editorial  
  Tips and Tricks  
  Spotlight  
  Home Finance  
  Our Meetings
 
  Focus
 
  News
 
  Legal Issues
 

 

               
IFP Corporate
• IFP Emirates
• IFP Lebanon
• IFP Qatar
• IFP Iraq
• REC Saudi Arabia
• IFP China
Lebanon
Beirut Boat
Energy Lebanon
Project Lebanon
Sustainable Digital Ecosystem Summit
Qatar
Heavy Max
Hospitality Qatar
Project Qatar
Qatar Stone Tech
Iraq
Saudi Arabia
Riyadh Motor Show
 
 
  IMC
IFP Group 2018 - © All rights reserved