The Brazilian government hopes to boost its economic ties with Saudi Arabia and the wider region
Brazilian President Jair Bolsonaro will visit the Gulf region in late October, according to media reports.
According to a report from Reuters, the Brazilian leader will visit the UAE, Saudi Arabia, Qatar and China on the trip.
He may also visit Japan in time for the coronation of Japan’s Emperor Naruhito on October 22.
Earlier in July, Bolsonaro’s son Eduardo – the Federal Deputy of Brazil’s Chamber of Deputies – told Saudi Gazette that Brazil hopes to strengthen its relationship with Saudi Arabia.
“I believe this visit will help a lot, especially since Brazil is undergoing a fundamental change….we are trying to carry out several economic reforms in taxation regulations, among other laws, to improve the business environment for investors so that they can invest in the infrastructure and energy fields,” he said.
“Crown Prince Mohammed bin Salman has praised the economic improvements we are carrying out,” he added. “I believe that if relations between the two countries develop, we will see great outcomes.”
The Bolsonaro administration’s relationship with many Arab countries have been strained by his vow to move the Brazilian embassy in Israel from Jerusalem to Tel Aviv.
In April, The Arab Brazilian Chamber of Commerce (ABCC) reported that close to a billion dollars’ worth of products were exported by Brazil to Arab countries.
A total of $980.4 million was recorded during the first month of the second quarter, an increase of 40.3 per cent over the same month of the previous year, which represented a generated total of around 2.7 million tons.