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After Closing A New Trade Agreement, Ceará May Boost The Brazilian Economy With The Export Of Products. Moreover, The State Seeks New Products To Be Sold To Arab Countries
Ceará Found A New Opportunity To Recover The Trade Balance Volume Between The State And Arab Countries With The Signing Of A Trade Agreement Between The Arab-Brazilian Chamber Of Commerce And The Brazilian Agency For Promotion Of Exports And Investments (Apex-Brasil). The Signing May Also Boost The Country’s Economy.
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2021 May Be The Year With The Lowest Export Volume To Arab Countries
The Value Of Local Sales To Arab Countries Has Been Decreasing Over The Past Few Years. According To Ana Karina Frota, Manager Of The International Business Center (CIN) Of The Federation Of Industries Of The State Of Ceará (Fiec), 2021 May Be The Year With The Lowest Number Of Exports To Arab Countries Since 2015. Karina Explains That In 2016, Exports From Ceará To These Countries Summed Up To US$ 20 Million.
The United Arab Emirates Were The Main Destination, And The Main Product Was Melon. Footwear And Cashew Nuts Were Also Widely Sold At The Time. However, In 2021, Shipments From Ceará To Arab Countries Totals Only US$ 4 Million.
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It Is Clear That The Post-Pandemic Scenario Must Be Taken Into Account, But There Was A Decline In Exports To The Middle East Long Before. Additionally, Arab Countries Hold Relevance For Trade Relations, Even When It Comes To Brazil.
Trade Agreement May Boost The Brazilian Economy
The Explanation For This Decline In Ceará’s Exports, According To The CIN Manager At Fiec, May Be Linked To The Sending Of These Same Products To Markets With Greater Logistical Ease. Thus, There Was A Market Shift.
According To Karina, The Decline Is Noticeable, But When Examined From Another Perspective, The U.S. Has Seen Huge Growth In Recent Years In The Exports Of Footwear, Melons And Cashew Nuts. It Is A Similar Market In Which Brazil Has More Trade Intercessions.
The Manager Further Evaluates That It Is Essential For Ceará To Have A Strengthened Trade Agreement With Arab Countries, As It Involves A Very Relevant Economy Worldwide. It Is A Market With Potential, Respecting Culture And Religion. Additionally, The State Has Competitive Products.
Fashion, Cosmetics And Personal Care Products May Be Exported
In Addition To The Previously Mentioned Products, Lucas Fiuza, Business Director At Apex Brazil, Explains That The Agency Found Good Potential For Cosmetics, Fashion And Personal Care In The United Arab Emirates.
Fiuza States That The State Is Conducting Work To Identify New Markets And Other Products That May Be Added To The Region. It Is Possible To Observe That Brazil Already Has A Strong Relationship With Arab Countries In The Food Industry; Therefore, The Director States That It Will Be Analyzed Which Industries In Ceará Could Enter This Exporters’ Roll.
The Trade Agreement Between CCAB And Apex-Brasil Was Signed This Month And Foresees Actions For The Training Of Brazilian Companies To Meet The Requirements Of Islamic Countries, Networking At Expo Dubai And Training Brazilian Startups In Areas Such As Logistics Security, Gaming, Sustainability And Food That Wish To Internationalize.
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