24 Hrs
Source:
بوابة الفجر
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Industry Minister reviews Brazil trade partnership
The article discusses Egypt and Brazil's efforts to strengthen their industrial cooperation. The Egyptian Minister of Industry held talks with his Brazilian counterpart about transforming their trade relations into a comprehensive industrial partnership. Both parties emphasized the importance of localizing technology, exchanging components, and linking companies in both countries within regional and international value chains. The focus was on sectors such as biofuels, ethanol, food industries, pharmaceuticals, and renewable energy. They also agreed to organize business missions and establish a joint business council to increase investments and develop joint projects. This approach aims to enhance Egypt’s position as a strategic market serving the Middle East and Africa, relying on trade agreements and national infrastructure.
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