Brazil is the first commercial partner to Egypt in Latin American countries, and we are working to open a direct airline route

Published 2021년 3월 10일

Tridge summary

Egypt and Brazil have identified each other as important commercial partners, with Brazil being the first South American country for Egypt and the largest trading partner in Africa for Brazil. To boost trade, especially in the agricultural sector, a direct flight route between the two countries is being established by the Egyptian Ministry of Foreign Affairs, in collaboration with the ministries of civil aviation and finance, and EgyptAir. This move is expected to reduce the high costs of transporting perishable goods. In 2019, the trade exchange between Egypt and Brazil reached approximately $2.9 billion, with Brazil exporting corn, wheat, and dried vegetables, and importing citrus fruits, grapes, dates, garlic, onions, and vegetables from Egypt. Despite the COVID-19 pandemic, trade relations have continued, with efforts underway to further develop the economic relationship between the two nations.

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Original content

Ambassador Ashraf Mounir, Deputy Assistant Minister of Foreign Affairs for Latin American Affairs, confirmed that Brazil is the first commercial partner for Egypt in the countries of South America, indicating that the ministry is cooperating with the ministries of civil aviation and finance and EgyptAir to open a direct flight route between Egypt and Brazil, whether to transport passengers and goods. He explained that this would contribute to the development of all trade relations between the two countries, given the high cost of transporting goods, especially in the agricultural crops sector, because most of them are perishable commodities. This came during the symposium organized by the Agricultural Products Export Council on enhancing the opportunities for agricultural crops to enter the Brazilian market. Mounir added that Egypt is Brazil's largest trading partner in Africa and is associated with it with the Mercosur agreement, which entered into force in September 2017, ...

Source: Amwalalghad