CAIRO: Egypt’s Prime Minister Mostafa Madbouly discussed with Osmar Chohfi, president of the Arab-Brazilian Chamber of Commerce, and its Secretary-General Tamer Mansour, economic ties between the two countries.
Nader Saad, spokesman for Egypt’s Cabinet, said the meeting also reviewed growing ties between Brazil and Arab countries.
Madbouly stressed Cairo’s support for all efforts to bolster economic ties, including proposals related to investment cooperation and the establishment of a Brazilian industrial zone in Egypt.
Egypt is Brazil’s top trade partner among Arab countries, with a trade volume of nearly $2.6 billion.
Khaled Hanafy, secretary-general of the Federation of Arab Chambers of Commerce, who attended the meeting, said Brazil is ready to be a gateway for Egyptian exports to South America, and is willing to invest in Egypt through a Brazilian industrial zone.
Saad said Madbouly was invited to participate in the meetings of the Arab-Brazilian Economic Forum in Sao Paulo in July, under the auspices and presence of Brazil’s president. Brazil’s vice president visited Egypt last September.