Brazil Chambers, Industries Eye US Tariff Fixes

(MENAFN- Brazil-Arab News Agency (ANBA)) São Paulo – Representatives of industrial federations from southern Brazil and international chambers of commerce met on Tuesday (16) to discuss alternatives to the United States' tariff hike. The chambers foster trade between Brazil and the countries they represent, and supplying products to these markets could be one way to channel goods that now have no chance of competing in the U.S., which has imposed 50% tariffs on much of Brazil's exports.

The Vice President of International Relations & Secretary-General of the Arab-Brazilian Chamber of Commerce (ABCC), Mohamad Orra Mourad, took part in the 3^rd Southern Chambers of Commerce Meeting, an initiative of the Santa Catarina industry group FIESC , the Rio Grande do Sul state group FIERGS, and the Paraná state group FIEP, which was held at FIESC in Florianópolis.

Representatives of chambers and industry met to discuss trade and investments

In addition to presenting the history of the ABCC, its mission, activities, and ways of operating, Mourad shared at the meeting data on Brazil's trade with the 22 Arab countries and spoke about the study the institution conducted on the tariff hike. The report, which indicates that Arab countries could be a destination for part of the products affected by the U.S. tariff increase, was released as soon as the rates came into effect and delivered to Brazil's Ministries of Agriculture and Livestock and of Foreign Affairs.

Although the meeting focused on trade and investments in general, the industry's concern with exports led attendees to address the issue of tariffs. According to FIESC's website, the federation's president, Gilberto Seleme, said that with the tariff hike, international trade is experiencing an unusual moment, and the chambers are being called upon to collaborate.“Much of what we produce needs to be exported, but for that, commercial partners, technology, and competitiveness are necessary, because in this globalized world, competition is very strong,” Seleme said, according to FIESC.

According to the Santa Catarina group, representatives from around 30 bilateral chambers participated, including those of Argentina, Japan, Canada, Uruguay, Italy, Portugal, Germany, and China, as well as chambers focused on Arab and African markets. Participants from the chambers had the opportunity to speak and explain how they are working to mitigate the impact of the tariff hike on Brazilian exporting companies.

Also in attendance were, among others, the President of FIESC's Foreign Trade Chamber, Maria Teresa Bustamante; the Executive of FIERGS' Foreign Trade Council (CONCEX), Thaísa Lunelli Rodrigues; the International Relations Manager of FIEP, Higor de Menezes; the Deputy Secretary of International Coordination and Strategic Projects of the State of Santa Catarina, Emerson Luis Pereira; and the Vice President of the Federation of Foreign Trade Chambers (FCCE), Arno Gleisner.

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Arabs can be an alternative to US tariffs

Translated by Guilherme Miranda

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