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12/11/2015 - 07:00hs

EgyptAir could launch route to Brazil

According to the Brazilian FM Mauro Vieira, the country is in talks for an agreement to avoid double taxation in air transport with Egypt. The Arab country plans on creating the route once the deal is in place.

Riyadh – The Egyptian carrier EgyptAir could launch a route to Brazil, said the Brazilian minister of Foreign Relations Mauro Vieira this Wednesday (11th) in Riyadh, Saudi Arabia, after the 4th Summit of South American-Arab Countries (Aspa).

Questioned by ANBA regarding discussions for agreements with Arab countries to prevent double taxation on investments, he said Brazil is in talks with Egypt for such a deal focusing on the air travel industry.

“When it comes to double taxation in air transportation, Brazil sustains [preventative] agreements with several countries, and we are in talks with Egypt,” Vieira said. “And as soon as these talks have come to a conclusion, Egypt, through its EgyptAir, will likely create a route to Brazil, which will help build trade, tourism, and ties between the two countries even further,” he added.

Bilateral trade agreements designed to prevent the double taxation of mutual investments is a constant plea from Arab countries, and was one of the suggestions submitted to the Aspa countries’ leaders by the 4th South American-Arab Countries Business Forum held on Nov. 8th in Riyadh.

The Brazilian government, however, is not keen on such deals, and no explicit mention of the Forum’s suggestion was made in Aspa’s final declaration.

If the Egypt-Brazil flight indeed comes to pass, EgyptAir will be the fifth Arab carrier to fly direct to the country since 2007, alongside Dubai’s Emirates Airline, Qatar Airways, Abu Dhabi’s Etihad Airways, and Morocco’s Royal Air Maroc.

*Translated by Gabriel Pomerancblum

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