Bahrain exports and the Brazilian Arab Trade Chamber expect a memorandum of understanding to enhance commercial opportunities between Bahrain, Brazil

In line with its commitment to support the growth of existing institutions in Bahrain, Bahrain’s exports concluded a memorandum of understanding with the Brazilian Arab Chamber of Commerce. This strategic partnership aims to enhance trade and economic relations by providing integrated support and all facilities for existing institutions in the Kingdom of Bahrain to enhance their access to the Federal Republic of Brazil.

The Convention was signed by the CEO of Bahrain Exports, Mrs. Safaa Sharif Abdel -Khaleq, while it was signed by the Brazilian Arab Chamber of Commerce, Mr. Mohamed Murad, Secretary -General of the Chamber, in the presence of His Excellency Mr. Adriano Silva Bochi, Ambassador of the Brazilian Federal Republic of the Kingdom of Bahrain.

The agreement aims to provide multiple aspects of cooperation between the two sides, which encourage institutions to expand and develop joint commercial relations. Where the goals of this memo require the cooperation of the two parties regarding the coordination of initiatives and activities that work to facilitate and enhance trade between the two parties, in addition to establishing communication channels that allow the exchange of information and experiences between them.

This agreement will also give the exports of Bahrain and the Brazilian Arab Chamber of Commerce the ability to develop economic projects and facilitate the practice of business and economic, representatives of a communication bridge between institutions in both the Kingdom of Bahrain and the Federal Republic of Brazil, which will allow new international projects to prosper through this cooperation in a prosperous and vital commercial environment, in an effort to achieve the common goal of strengthening exports between the two countries.

For his part, His Excellency Mr. Abdullah bin Adel Fakhro, Minister of Industry and Trade and Chairman of the Board of Directors of Bahrain Exports, pointed out that this agreement represents a strategic step towards strengthening international trade relations, saying: “This partnership reflects the Kingdom’s firm commitment to expanding its economic alliances and consolidating its position as a global commercial axis. The consolidation of cooperation with the Republic of Brazil opens new horizons for the existing institutions in Bahrain, and provides unprecedented opportunities to enhance Its competitiveness, which contributes to advancing economic growth and diversifying the sources of national income. This cooperation supports the strategic trend towards developing a more open and dynamic commercial environment, in order to enhance the Kingdom’s position as a major destination for trade and investment at the international level.

On this occasion, Mrs. Safaa Sharif Abdel -Khalek, CEO of Bahrain Exports, stated: “This agreement represents a strategic step towards strengthening economic and trade relations between the Kingdom of Bahrain and Brazil. By facilitating reaching new markets, this cooperation will contribute to creating sustainable opportunities for existing institutions in Bahrain and enhancing the growth of national exports, which supports their competitiveness at the global level.”

She added: “Bahrain’s exports continue to consolidate its position as a major engine for commercial growth by expanding regional and international opportunities across various sectors. In line with our supreme goal of developing and promoting national exports and raising their competitiveness globally. And with Brazil as a major commercial partner for imports of the Kingdom, this cooperation will contribute to building a more balanced and strategic commercial system between imports And exports, in order to achieve a long -term added value for the national economy.

Mr. Mohamed Murad, Secretary -General of the Brazilian Arab Chamber of Commerce, commented: “We are proud of our partnership with Bahrain’s exports, which constitute a strategic step to enhance commercial ties between Bahrain and Brazil. This partnership will provide new opportunities for commercial growth and contribute to supporting Bahraini institutions in reaching new markets, while providing solutions designated to support their exports and enhance their position in global markets.”