SCCI inks MoU with Brazilian Chamber of Commerce of São Paulo

The MoU was virtually signed by HE Abdullah Sultan Al Owais, Chairman of the SCCI, and HE Roberto Mateus Ordine, President of São Paulo Chamber of Commerce. Other notable attendees included Abdulaziz Mohammed Shattaf, Assistant Director-General of the Communication and Business Sector at the Sharjah Chamber, and HE Jamal Saeed Buzangal, Director of the Media Department at the Chamber, along with a slew of officials from both delegations.
The MoU outlines various avenues of collaboration, including the exchange of trade delegations and discussions related to exports and the economy. It also supports the facilitation of visits and the development of a trade network.

The agreement also entails the exchange of commercial data, information, and statistics, activation of joint research endeavors, and participation in events, exhibitions, and trade conferences on each side. Moreover, it promotes the sharing of technical knowledge, experiences, and training opportunities among members.
HE Abdullah Sultan Al Owais emphasized that the MoU will significantly strengthen collaboration between the two chambers and will particularly benefit private sector entities and proprietors of innovative projects, ensuring mutual gains in trade and economic cooperation.

He highlighted the enduring and constructive nature of the UAE-Brazil bilateral relations, which are observing a distinct growth in the volume of economic cooperation. Over the past decade, the volume of non-oil trade exchange between the two nations has surged by 43%, jumping from AED 10.4 billion in 2013 to a notable AED 14.7 billion by the culmination of 2022.

Specifically, the volume of non-oil trade exchange between the UAE and Brazil during 2022 witnessed a growth of 32.1%, reaching AED 14.8 billion, a notable rise from AED 11.2 billion in 2021. He emphasized that these figures embody positive indicators, reinforcing the success of both sides' efforts through this memorandum. This agreement heralds a new era of collaboration between the two chambers, aiming to accomplish shared objectives and interests, he added.

For his part, HE Roberto Mateus Ordine echoed similar sentiments, stating that the MoU signing heralds a new era of bolstered efforts to strengthen cooperation in numerous areas of mutual interest. This comes against the backdrop of the enduring and robust relations between Brazil and the UAE, coupled with the current endeavors by both nations to fortify and expand their well-rooted economic ties.

He noted that the UAE ranks among the largest international investors in Brazil, with the trade exchange volume between the two nations witnessing remarkable growth. In 2022 alone, Brazil's imports from the UAE tallied up to $2.65 billion, while its exports to the UAE amounted to $3.26 billion.