Tuesday, 02 January 2024 12:17 GMT

Investments To Boost Brazil-Muslim Trade


(MENAFN- Brazil-Arab News Agency (ANBA)) São Paulo – Investments in logistics and technology in foreign trade processes are expected to boost commercial exchanges in the coming years. At the panel“Strategic Partnerships: Brazil and Islamic Countries-Success Stories and Opportunities,” held at the Global Halal Brazil (GHB) Business Forum, representatives from the Jordanian government and the private sector presented initiatives to foster increased trade between Brazil and Arab countries. The GHB is organized by the Arab-Brazilian Chamber of Commerce (ABCC ) and FAMBRAS Halal Certifier.




Siccherino: Investments in the Port of Santos expected to boost trade with Islamic countries

Fabio Medrano Siccherino, CEO of DP World in Brazil, one of the world's largest cargo handlers based in the United Arab Emirates, said the company is expanding its cargo handling capacity at the Port of Santos from 1.7 million to 2.2 million 20-foot equivalent units (TEUs) per year. One of the goals, he said, is to make the company's terminal contribute to making the Port of Santos more attractive and competitive for Islamic countries.

Marcelo Franca Nogueira, CFO of Acelen Renewables, presented the company's plans. Founded by the UAE sovereign wealth fund Mubadala Capital, the company is investing in planting macaúba palms on degraded pasturelands to produce sustainable aviation fuel (SAF). He noted that macaúba cultivation yields more than soybean crops and has production costs competitive with crude oil.




Nogueira: Acelen invests in renewable aviation fuel

MModerated by the Secretary-General of the Union of Arab Chambers, Khaled Hanafy, the panel also highlighted investments in digital infrastructure. Ahmad Mohammad Al Akaleek, Director-General of Jordan Customs, said the institution is investing in technologies to make export processes faster and more transparent.

Jordan Customs partners with the ABCC. Through Ellos technology, the issuance of documents certifying product origin is fully digital, reducing bureaucracy and eliminating paper use.




Hanafy moderated the discussion

GHB sponsors include MBRF (Marfrig – BRF), MODON (Saudi Authority for Industrial Cities and Technology Zones), Seara, CaraPreta Carnes Nobres, EcoHalal, Emirates, Grupo MHE9, Laila Travel, Prime Company, and SGS, with catering by Água Mineral Frescca and Pão & Arte Frozen Bread.

Strategic partners include the Islamic Chamber of Commerce and Development (ICCD) and Islamic Chamber Halal Services (ICHS). There is also institutional support from Brazilian beef industry group ABIEC, Brazilian Beef, Brazil's chicken and pork lobby ABPA, Brazilian Chicken, International Halal Academy, and the Union of Arab Chambers (UAC).

Read more:
Halal tourism: Sustainable experiences

Translated by Guilherme Miranda

Marcelo Brammer/Arab-Brazilian ChamberMarcelo Brammer/Arab-Brazilian ChamberMarcelo Brammer/Arab-Brazilian ChamberMarcelo Brammer/Arab-Brazilian Chamber

The post Investments to boost Brazil-Muslim trade appeared first on ANBA News Agency.

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Brazil-Arab News Agency (ANBA)

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