The advancements in the bilateral political agenda over the last decade and a half have been accompanied by the deepening of economic relations. From 2008, the UAE became the second middle-eastern trading partner of Brazil.
The Brazilian and Emirati economies have a high degree of complementarity, with several axes of potential synergy in the commercial and untapped or partially exploited investment sectors.
APEX-Brasil maintains an office in Dubai, the only one in the Middle East.
In 2018, Brazil-UAE trade reached US $ 2.59 billion, The Emirates import sugar, beef, chicken and iron from Brazil, among others. Brazil imports from the United Arab Emirates chemicals and sulfur, mainly.
At the corporate level, Brazil and the United Arab Emirates also have strong ties. Mubadala, the largest investment fund in the Emirates, has approximately US $ 2 billion invested in Brazilian territory. DP World, one of the largest port terminal operators in the world, bought the Port of Santos. Yahsat, satellite fruit of a partnership between the UAE and Brazil, has completed the necessary tests and will soon offer internet.
The Emirates Airlines maintain 19 UAE weekly flights to Brazil and finally more than 30 Brazilian companies have offices in the United Arab Emirates.
The UAE is a hub for Brazil in the MENA region - and Brazil is a hub for the UAE in Latin America.
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