Brazil/Morroco

Brazil, Morocco ink deals to boost investment

Air connections between the two are also expected to increase

Agência Brasil
14/06/2019 17:17
Brazil, Morocco ink deals to boost investment Imagem: Raylson Ribeiro/MRE Visualizações: 296 (0) (0) (0) (0)

Brazil and Morocco are willing to warm up bilateral trade and boost investment in their economies. These are the goals of the agreements signed Thursday (Jun 13) by Brazilian chancellor Ernesto Araújo and Moroccan Minister for Foreign Business and International Cooperation Nasser Bourita.

 

Institucional

 

With a deficit of $113 million in its trade with the African country from January to May, Brazil seeks to reverse this figure. The deals cover direct investment, air transport, cooperation between diplomatic agencies, defense, a lighter tax burden between the two nations, the exchange of agricultural technology and triangular commercial negotiations.

 

In transport, deals aim to increase the number of air connections between the two countries, stimulating tourism and the construction of hotel facilities.

 

Chancellor Ernesto Araújo hailed the deals as a tool to bolster bilateral dialogue and base policies on a solid legal foundation rather than “abstract ideas.”

 

Morocco’s ambassador to Brazil Nabil Abdhoghi described the agreements as “a legal milestone,” aimed at facilitating bilateral relations. “We must now build a cooperation framework between Brazil and Morocco and expand not just commerce, but also stimulate talks on investment and projects.”

 

Western Sahara

During the meeting, Minister Bourita asked for the support of the Brazilian minister for the Moroccan proposal to grant autonomy—but not independence—to the people in Western Sahara, a territory considered by the UN as non–self-governing territory. The Brazilian chancellor described the idea as “realistic” and worthy of being “welcomed” by the international community. The control over the territory is claimed by Morocco and liberation movement Polisario Front.

Most Read Today
see see
Results
ANP Releases Consolidated Data on Oil and Gas Production...
03/08/26
SOG 2026
Banco do Nordeste Has R$ 504 Million for the Energy Sect...
03/08/26
PPSA
TotalEnergies and ExxonMobil Win Atapu and Bacalhau Cargoes
31/07/26
SOG 2026
Sebrae Sergipe Strengthens Small Businesses and Expands ...
31/07/26
PPSA
PPSA Expects to Hold the First Auction of the Union’s Na...
30/07/26
SOG 2026
Sergipe Oil & Gas 2026 Begins with a Focus on Investment...
30/07/26
SOG 2026
Petrobras Director Opens Sergipe Oil & Gas with Analysis...
30/07/26
FIRJAN
Agrega + Indústria brings together entities, companies, ...
29/07/26
SOG 2026
ABPIP brings to Sergipe Oil & Gas a debate on strengthen...
28/07/26
Event
BR Aviation presents its portfolio of customized solutio...
23/07/26
Royalties
Royalties: amounts referring to May production distribut...
23/07/26
Fuels
Fuel and lubricants sector registers 1.8% drop in June, ...
22/07/26
IBP
Studies point to redundancy of the export tax and extra ...
22/07/26
PPSA
7th Spot Auction: PPSA markets cargoes from Atapu and Ba...
20/07/26
Results
Union oil production reaches 244 thousand barrels per da...
17/07/26
State of Ceará
Natural gas arrives in Cariri (CE) and strengthens econo...
16/07/26
Terminals
Vast announces contract extension with PETRONAS Brasil u...
15/07/26
International
War, oil and the dollar: how global fluctuations impact ...
13/07/26
ANP
Third-party access to natural gas flow pipelines and pro...
10/07/26
Agreement
ANP and Petrobras sign agreement to bring 335 offshore w...
07/07/26
Logistics
Vast Infraestrutura and Petrobras strengthen partnership...
07/07/26
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.

2