UAE is interested in boosting trade and investment with Brazil

The UAE is interested in developing its trade and investment relations with Brazil and other Latin American countries, a senior UAE economic official has said. Abdullah Al Saleh, Undersecretary of Ministry of Foreign Trade, has received Humberto Luiz Ribeiro, Secretary of Commerce and Services, Brazilian Ministry of Development, Industry and Foreign Trade, to explore mechanism of expanding two-way trade exchange. A ministry press release said the Al Saleh urged the Brazilian companies to boost their trade and investment relations with the UAE and benefit from the UAE economic and competitive strengths as a major trade gateway between the east and west. The Brazilian guest updated the UAE official on the latest structural reforms in Brazilian economy, especially in tourism and industry. He expressed his country's desire to boost trade and investment cooperation with the UAE which he said enjoys a prominent place at regional and international trade, and boasts of modern infrastructure, and flexible and friendly investment legislations. He invited UAE companies wishing to invest in Brazil to attend Brazil's first conference on trade and services general policies Brazilia will host late this month.