Posted on October 16, 2017

To charter a new course in the nation’s commercial relations and export trends, Qatar Development Bank (QDB) led a delegation of Qatari businesses to São Paulo to partake in a series of networking events and matchmaking sessions. The development bank’s arm of export specialists – Tasdeer – spearheaded the group of local manufacturers, using the close support and coordination of the Embassy of the State of Qatar in Brazil and the Arab Brazilian Chamber of Commerce.

The tour commenced with a reception event held at the Arab Brazilian Chamber of Commerce. Then, the Arab Brazilian Chamber of Commerce played a critical role in supporting QDB arrange two days of matchmaking sessions in the city of São Paulo, Brazil’s economic hub. The delegation – which included business representatives from Qatar’s agrifood, pharmaceuticals, petrochemicals, and metals industries – was reported to be the biggest yet to arrive from the Middle East, according to the chamber.

Speaking during his address at the Arab Brazilian Chamber of Commerce, Executive Director of Export Development & Promotion Agency – Tasdeer, Hassan Khalifa Al-Mansoori said, “Trading with Brazil is advantageous for Qatar as our businesses will gain access into a new market, forge ties with new trading partners and form new professional friendships with their counterparts in Brazil. To this end, I’m indebted for the support extended to QDB by both the Ambassador of the State of Qatar to Brazil, His Excellency Mohammed bin Ahmad Al-Haiki, and CEO of the Arab Brazilian Chamber of Commerce, Michel Alaby.”

He continued: “With this trip, we – at Tasdeer – plan to build on the past successes of Brazil-Qatar trade relations. Last year, Brazil exported QAR 1.39 billion (US $378 million) worth of goods to Qatar and imported QAR 1.97 billion (US $532 million) from Qatar. This year, we aim to reach new heights in Qatar-Brazil economic partnership.”

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Through its research-driven export initiatives, Tasdeer regularly aims to assist all local enterprises, particularly those with the ability to export, to break into regional and international markets. This latest trip to Brazil came against the backdrop of a recent research conducted by QDB on the Latin American country’s market. The study took into account important aspects such as market size, average prices, market competitiveness, market needs, business culture, regulatory standards, as well as export procedures, trade laws, and compliance of Brazilian import-export documentation.

Since the establishment of Tasdeer, the exports development program has successfully introduced Qatari exports to various world markets and reinforced the QDB’s support to local business through the provision of credit guarantees, services on trade finance, and risk hedging on invoices.

The scope and breadth of Tasdeer was recently recognised on the international stage when International Trade Center (ITC), a joint agency of the World Trade Organization (WTO) and the United Nations Conference on Trade and Development (UNCTAD), nominated QDB for the 2016 Trade Promotion Organization (TPO) Award, under the category of the best development agency in a developing country. Incidentally, QDB was the sole development agency shortlisted from amongst the countries in the Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) region. Other nominated development agencies, under the same category, included those from the following countries: Brazil, Chile, Costa Rica, Ecuador, Jamaica and South Korea.