Arab League invites South American companies to forum
The organization has called upon 100 companies from the region to attend the South America-Arab Countries Conference on Transportation and Logistics, slated for April in Cairo. The goal is fostering joint ventures.
São Paulo – Arab Brazilian Chamber of Commerce executives and Arab League officials met this Wednesday (02) in Cairo to discuss the organization of the South America-Arab Countries Conference on Transportation and Logistics, slated for April 13 and 14 in the Egyptian capital. As ANBA reported last Monday (Feb 29), the event is designed to discuss the establishment of two joint ventures, involving Arabs and South Americans, in logistics and sea transportation.
The Arab Chamber’s CEO Michel Alaby and Government Relations manager Tamer Mansour, who attended the meeting in Cairo, said the Arab League has sent invitations to 100 South American transportation and logistics enterprises.
The director of the Transportation and Logistics Department of the Arab League’s Economic Sector, Dina Dhaher, entrusted the Arab Chamber with keeping track of responses to the invitations and claimed she regards the organization as a strategic partner in South America.
According to Alaby and Mansour, the event’s format was discussed during the meeting. The idea is to have lectures, debates and meetings between executives and government officials from both regions on the first day. In the second day, the Arab Chamber’s executives suggested a visit to an Egyptian port.
Alaby and Mansour also proposed that a committee be established to weigh the feasibility of joint venture formation, and a second conference on the topic could be held in São Paulo next year.
The proposal to have bi-regional transportation and logistics joint ventures first surfaced at the Business Forum held on occasion of the 4th Summit of South American-Arab Countries (Aspa), in Riyadh, Saudi Arabia last November.
According to Dhaher, South American-Arab trade increased drastically over the past few years, and so did the need for a direct sea route, which is not in place yet.
Also in Cairo, Alaby and Mansour met with officials from Egypt’s Minister of Industry and Commerce to discuss the integration of certification systems. The Arab Chamber is rolling out an online system to issue certificates of origin for Brazilian goods being exported to Arab countries.
They also discussed new Egyptian government regulations for imports of some goods. The information will be later conveyed by the Arab Chamber to Brazilian companies that sell said goods to the Arab country.
*Translated by Gabriel Pomerancblum