Brazil, United Arab Emirates sign deal to deepen trade ties

Updated 28 Oct, 2019

"Both leaders underscored the excellent economic cooperation between Brazil and the United Arab Emirates and expressed their determination to strengthen it further," the statement said, adding that they also signed accords in the fields of artificial intelligence, the environment, defense, trade and customs. According to the Dubai Chamber of Commerce and Industry, bilateral UAE-Brazil trade last year was $2.7 billion. Fernando Luis Lemos Igreja, Brazil's ambassador to the UAE, told the Emirates News Agency WAM this weekend that it will be higher this year, having reached $2 billion by August.

Copyright Reuters, 2019

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