The Arab Brazilian Chamber of Commerce (ABCC) has expressed confidence in Brazil's move to enter into a new stage of cooperation with other Arab countries - triangular cooperation.

The triangular cooperation will see Brazilians and Arabs working closely together on strategic and well-meaning projects in third-party countries, said a statement from the organisation.

The statement was made during the recent visit of Ambassador Fernando Abreu, undersecretary general for Africa and the Middle East with the Brazilian Ministry of Foreign Affairs, to the ABCC headquarters in Sao Paulo, Brazil, it said.

Ambassador Abreu, who is set to take office as Brazil's official representative to the United Nations Food and Agriculture Organization (FAO), the World Food Programme (WFP) and the International Agricultural Development Fund (IADF), revealed that a potential triangular cooperation project with a Gulf country will likely result in more joint undertakings with other Arab countries.

He explained that Brazil can help contribute with technical capabilities and some financial resources while Arab parties can also contribute funds in a mutually agreed country.

In fact, the ambassador noted that Brazil is known to respond to cooperation requests across fields in which it is capable and able--including agriculture, education, healthcare, environment and professional training. 

Rubens Hannun, president, ABCC, said: “Our organisation welcomes the Brazilian government’s plans to enter into triangular cooperation projects with Arab countries, which is an indication of the strong trust and confidence being enjoyed by Brazil and Arab economies.”

“In line with this, we are also expressing our support to Ambassador Fernando Abreu, who is making the push for this new type of cooperation between Brazil and Arab countries,” he said.

“We remain steadfast in our commitment to help foster growth for the countries involved while also consolidating for stronger ties,” he added. – TradeArabia News Service