Brazil attaches great importance to its relationship with Egypt, Brazilian Minister of Agriculture, Livestock, and Food Supply (MAPA) Marcos Montes mentioned on Wednesday in a spherical desk with Egyptian journalists on the side-lines of his go to to Cairo.
Montes additionally talked about that in September 2021, Brazil’s Vice President Antônio Hamilton Mourão visited Cairo as properly, which signifies the importance that Brazil attaches to its distinguished relationship with Egypt.
The minister’s go to to Egypt is a part of his tour to Jordan, Egypt, and Morocco to focus on rising fertiliser imports from these international locations.
He additional defined that Egypt’s irrigation will assist remodel the cultivation seasons in Brazil from two to three seasons, thereby rising manufacturing.
“The issue is not how Brazil can help Egypt amid the Ukrainian-Russian war, it is about how Egypt and Brazil could cooperate in order to help the world,” Montes mentioned.
“Brazil is a food-producing country, and we strive to achieve food security, while Egypt is a large producer of fertilisers, so Brazilian agriculture cannot succeed without fertilizers. 85% of the fertilisers used in Brazil are imported, and I think Egypt can play a big role in this share,” he defined.
According to the newest figures of the General Organisation for Export and Import Control, Egypt was the primary vacation spot for Brazilian exports in 2021, as the amount of commerce trade between Egypt and Brazil amounted to $2.717bn, and the amount of Egypt’s imports from Brazil amounted to $2.234bn.
However, the amount of Egypt’s exports to Brazil in 2021 amounted to $483m.
“It is possible to work on balancing the trade balance between the two countries by clarifying the needs of each party. For example, as I mentioned, Brazil imports 85% of its fertilisers, and Egypt can play a big role in this, especially that Egypt is an important source of fertilisers and Brazil is a major consumer in that regard, and Brazil has a portfolio of high-quality food products that the Egyptian market needs,” he defined.
Montes pressured that fertilisers are as necessary as meals merchandise as there is no such thing as a meals with out fertilisers.
According to the newest reviews of Egypt’s Ministry of Trade and Industry, Egypt’s imports of agricultural and manufactured agricultural merchandise from Brazil are estimated at $1.5bn, whereas Egypt exports the identical merchandise at solely $37.4m.
Montes added that relations between each international locations have come a good distance when it comes to friendship and financial cooperation, particularly after the free commerce settlement between Egypt and Mercosur went into power in 2017.
Furthermore, the Brazilian minister mentioned that he invited each the private and non-private sector in Egypt to go to his nation, and that it was agreed to maintain a gathering between the personal sectors of each international locations in Brazil underneath the auspices of the Brazilian-Arab Chamber of Commerce.
As the world is going through a hike in meals costs, and the Egyptian market is worried about provide, Montes mentioned that he met with the Egyptian Minister of Supply and Internal Trade Ali Moselhi and mentioned the risk of accelerating the amount of Egyptian exports of fertilisers to Brazil and rising the amount of Brazilian exports of meals merchandise to Egypt so as to scale back prices and costs.
