Brazil and the UAE on the 15th March signed a couple of accords
whereby one of them is a cooperation accord aimed at fostering,
simplifying and supporting bilateral investments.
This investment accord means a new step in the path that both
Brazil and the UAE are following to have closer comercial
relationships. It follows the one that abolished the need for a
visa for Brazilian and Emirati citizens while visiting either of
the two countries and also follows the treaty against double
taxation, which must still be approved in Brazil according to its
constitutional provisions.
Brazil is a traditional exporter of goods including Halal food
to the GCC while on the other hand, the UAE has become, among
others, an important hub in the region for trade and logistics with
its several free trade zones. The bilateral trade exchange last
year between both countries has reached US$2.6 billion and, of
course, the intention is to make eff orts to continue this growth
trend as to
