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Brazil and Lebanon to increase trade and investment

Trade between Lebanon and Brazil is increasing, as officials seek to further boost economic ties between the two nations.

April 19, 2010 11:38 by

Trade relations between the Arab world and Brazil remain vibrant, as Lebanon on Friday signed a MoU with the South American nation that is aimed at boosting trade and investment between the two countries, the Daily Star reports.

Brazil’s Industrial Development and Foreign Trade Minister, Miguel Jorge, headed a 75 member delegation from that nation, including representatives from Brazil’s auto, food, and construction sectors.

Lebanon’s Minister of Economy and Trade, Mohammad Safadi, welcomed his Brazilian counterpart, and emphasized that Lebanon’s economic reform plans rest upon “free market principles, and … a genuine commitment to promote entrepreneurship as the engine of economic growth,” The Daily Star reports.

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