Mubasher: Jebel Ali Free Zone (Jafza) signed a memorandum of understanding (MoU) with Brazil’s Investe São Paulo to strengthen trade cooperation and investment, according to a statement.
The MoU aims to create opportunities for Brazilian companies in the UAE and provide easy access to Brazilian products in the newer markets of Middle Eastern, South Asian, African and CIS.
Both parties, under the agreement, will organise joint activities and events to encourage mutual investment and facilitate the exchange of goods and exports.
“Over the past few years, trade between Jafza and Brazil has steadily grown to reach $764 million in 2015,” according to Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, and Chairman of Ports, Customs and Free Zone Corporation
