The Minister of Foreign Affairs and International Cooperation of the United Arab Emirates, Sheik Abdullah bin Zayed bin Sultan Al Nahyan, will travel to Brazil on an official visit on March 16th, and will be received by President Michel Temer and hold a working meeting with Minister Aloysio Nunes Ferreira. In Brasilia, the Sheik will also meet the President of the National Congress, Senator Eunício de Oliveira; the Minister of Defense, Raul Jungmann; and the Minister of Industry, Foreign Trade and Services, Marcos Pereira. On March 21st, the Emirati Foreign Minister will visit São Paulo, where he will participate in the inauguration of the new headquarters of the General Consulate of the United Arab Emirates and hold meetings with Governor Geraldo Alckmin and Mayor João Doria Junior.
During the bilateral work meeting, the foreign ministers will address issues of trade, investments and technical cooperation, and exchange views on the regional and global agendas. Agreements on air services and visa exemption shall be signed.
Brazil and the United Arab Emirates have an important economic partnership. Between 2000 and 2016, Brazil-UAE trade exchange increased 785%, reaching US$ 2.6 billion in 2016, with a Brazilian surplus of US$ 1.9 billion, the 6th largest Brazilian surplus in 2016. The Emirates, together with Saudi Arabia, are the largest buyers of Brazilian products in the Middle East.
The United Arab Emirates are major international investors, especially through their sovereign wealth funds. It is estimated that Emirati investments in Brazil amount US$ 5 billion. The country is also a major business center and represents a gateway for Brazilian companies in the Gulf and Middle East countries. Due to its commercial hub characteristics, more than 30 Brazilian enterprises have offices in the country, using it as a platform for its exports in the region. The Brazilian Trade and Investment Agency (APEX-Brasil) has an office in Dubai to provide support to Brazilian companies, to promote exports in the Middle East and to attract new investments to Brazil.