FEDCOC: 11% of Arab food imports from Brazil

CAIRO, Sept 15 (MENA) - Head of the Federation of Egyptian Chambers of Commerce (FEDCOC) Ibrahim el Arabi said Sunday Brazil's food exports to the Arab world, which stand at dlrs 100 billion annually, represent 11% of the total Arab imports.

Addressing the Egyptian-Brazilian Business Forum, organized by the federation, Arabi stressed the importance of the tripartite cooperation between Brazil, the Arab states and Egypt in the industrial, agricultural and foodstuffs field.

Cooperation with Brazil to be present in Africa in the fields of animal wealth and agriculture is possible, he said, referring to Egypt's investments in Africa that currently reach around dlrs 15 billion.

Joint investments by the two countries exceed one billion dollars in the cement, buses, trucks and foodstuffs industries besides farms, slaughterhouses and electricity, he said.

The forum, attended by Brazilian Minister of Agriculture, Livestock, and Supply Tereza Cristina, was held with the participation of 25 Brazilian companies operating in the meat, poultry, animal wealth and agricultural crops sectors.