Overall volume of trade between Bahrain and Brazil top $2.2 billion in 2021

Agencies | Brasilia                                                

The Daily Tribune – www.newsofbahrain.com  

The overall volume of trade exchanges between the Kingdom of Bahrain and Federative Republic of Brazil topped $2.2 billion in 2021.

“Brazil is considered the first trading partner of the Kingdom in general in terms of the value of imports in the second and third quarters of 2021”, said Bahrain Chamber of Commerce and Industry (BCCI) Chairman Sameer Abdulla Nass.

Addressing the opening session of the Arab-Brazil Economic Forum, he stressed Bahraini private sector's keenness to expand partnerships with its counterparts, stressing the importance of strengthening cooperation in the technological sector, which is witnessing a remarkable development at the global level.

He stressed the need to establish a direct shipping lane between Brazil and the Arab countries, which contributes to expanding the horizons of strategic partnership and diversifying the development of the volume of trade exchanges between the two sides.

He in addition to its role in stimulating and supporting suppliers from small and medium enterprises with a direct transport system that advances the Arab-Brazilian trade relationship to broader horizons at all levels.

“The economic conditions and challenges that the world has experienced during the past two years in the areas of health, the impact of supply chains, the increase in economic inflation rates and the effects of climate change push us to turn challenges into opportunities”, he said.

He underlined the importance of the digital economy, praising at the same time the great progress in trade relations between Arab countries and Brazil through promising sectors that we can invest in despite all challenges.