The Arab-Brazilian Chamber of Commerce (ABCC) has announced that the recent business-to-business (B2B) matchmaking between Arab executives and representatives of Brazilian pharmaceutical companies held in São Paulo, Brazil was a success. According to industry experts, USD 2.2 million worth of deals are expected to be closed in the next 12 months as a result of the high-level meetings. ABCC lent its support to the investor matchmaking organized by the Brazilian Pharma Chemical and Pharmaceutical Inputs Industry Association (Abiquifi) in a bid to further reinforce the bilateral trade relations between Brazil and the Arab region.
Nine importers from Jordan, Egypt, Saudi Arabia, the UAE, Yemen, Iraq and Sudan were invited to attend the São Paulo matchmaking rounds in which a total of 121 meetings were held. Saying to Brazil Arab News Agency (ANBA) that the result was ‘positive,’ Natália Porto, International Projects Manager for Abiquifi, noted that the time frame wherein which the Brazilian manufacturers could seal the agreements with the Arab buyers would depend on the progress of negotiations. Some deals may take longer to process, taking into consideration an importing country’s regulations in terms of registration of medical products.
Dr. Michel Alaby, General Secretary and CEO of Arab-Brazilian Chamber of Commerce, said: “Following the success of the recent B2B matchmaking in Brazil, we expect to witness a stronger and enhanced relations between the country and the Arab states in the coming years. Both Brazilian manufacturers and Arab buyers expressed optimism over the outcome of the meetings and we are going to be closely monitoring future developments related to the event. This is another milestone in the burgeoning bilateral trade between Arab and Brazilian business communities and we commend Abiquifi for organizing such an important initiative. We are looking forward to supporting similar endeavors in the future as ABCC continues its pursuit to further strengthen the existing cooperation between the country and the region.” For her part, Porto said to ANBA: “The investor matchmaking was an initial contact. Brazilian companies still export little to Arab countries, but it was a very positive result. The companies involved in the project were excited about the perspectives.”
This is the first time that Abiquifi has organized the matchmaking rounds with Arabs in Brazil through the Brazilian Pharma Solutions project, a partnership with Brazilian Export and Investment Promotion Agency (Apex-Brasil). Previously, it initiated Brazilian business meetings with Russians and Latin Americans. Porto said Abiquifi is also looking into the possibility of holding similar event with the Arab buyers either in 2015 or 2016 in order to increase the sales to the region. In 2013, USD 11.57 million of the total USD 18.59 billion worth of pharmaceutical products imported by Middle Eastern and North African countries came from Brazil.
Nine importers from Jordan, Egypt, Saudi Arabia, the UAE, Yemen, Iraq and Sudan were invited to attend the São Paulo matchmaking rounds in which a total of 121 meetings were held. Saying to Brazil Arab News Agency (ANBA) that the result was ‘positive,’ Natália Porto, International Projects Manager for Abiquifi, noted that the time frame wherein which the Brazilian manufacturers could seal the agreements with the Arab buyers would depend on the progress of negotiations. Some deals may take longer to process, taking into consideration an importing country’s regulations in terms of registration of medical products.
Dr. Michel Alaby, General Secretary and CEO of Arab-Brazilian Chamber of Commerce, said: “Following the success of the recent B2B matchmaking in Brazil, we expect to witness a stronger and enhanced relations between the country and the Arab states in the coming years. Both Brazilian manufacturers and Arab buyers expressed optimism over the outcome of the meetings and we are going to be closely monitoring future developments related to the event. This is another milestone in the burgeoning bilateral trade between Arab and Brazilian business communities and we commend Abiquifi for organizing such an important initiative. We are looking forward to supporting similar endeavors in the future as ABCC continues its pursuit to further strengthen the existing cooperation between the country and the region.” For her part, Porto said to ANBA: “The investor matchmaking was an initial contact. Brazilian companies still export little to Arab countries, but it was a very positive result. The companies involved in the project were excited about the perspectives.”
This is the first time that Abiquifi has organized the matchmaking rounds with Arabs in Brazil through the Brazilian Pharma Solutions project, a partnership with Brazilian Export and Investment Promotion Agency (Apex-Brasil). Previously, it initiated Brazilian business meetings with Russians and Latin Americans. Porto said Abiquifi is also looking into the possibility of holding similar event with the Arab buyers either in 2015 or 2016 in order to increase the sales to the region. In 2013, USD 11.57 million of the total USD 18.59 billion worth of pharmaceutical products imported by Middle Eastern and North African countries came from Brazil.
Source:
Press Release
