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Brazil firms close $33m business deals at Gulfood 2021

Gulfood ended 2021 with massively positive results for nearly 50 Brazilian participating companies

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Brazil firms close $33m business deals at Gulfood 2021

 The Brazilian Trade and Investment Promotion Agency (Apex-Brasil) have announced that participants from the country closed business deals estimated at USD 33.2 million at the recently concluded Gulfood 2021 in Dubai.

According to Apex-Brasil, Brazil’s various pavilions showcased at the exhibition eye prospects of reaching USD 236.7 million in the following months.

Nearly 50 Brazilian companies participated in Gulffood 2021, the largest beverage and food industry event in the Middle East.

The Brazilian participants present at Gulfood 2021 noticed a change in the smaller quantity and flow of people due to access and circulation restrictions as pandemic containment measures. But this did not impact negatively on the business aspect. “The Brazilian companies left the event very satisfied. The fact that the big players decided not to go was an enormous opportunity to diversify markets in the region and to prospect buyers”, says the president of Apex-Brasil, Sergio Segovia.

According to Segovia, holding Gulfood in person represented a step towards resuming the large international business events. Holding it in Dubai allows contact to be made with new business partners. “Dubai has a strategic location between East and West and is a hub for commercial and cultural relationships between various parts of the world. Among the big players, Brazil was the one with the largest delegation.”

“Besides, Gulfood offered perspectives to Brazilian businessmen about the resumption of the international fair’s calendar, and it showed that this would be even more important for Brazil because the pandemic has demonstrated the confidence that the world has in the country for its food security. The fairs are vital to dynamize and potentiate this role of Brazil, which was evidenced in the midst of the pandemic,” Segovia said.

The result represents what was negotiated by the companies that attended the event with the Apex-Brasil (USD 19.2 million in the event and USD 103.2 million in the next 12 months), by the companies that participated with the Brazilian Association of Animal Protein (ABPA – USD 13.2 million in the event and USD 129.5 million in the next 12 months) and also with the Brazilian Association of Meat Exporting Industries (ABIEC – USD 850,000 in the event and USD 4 million in 12 months), partner institutions of the Agency in the international promotion of Brazilian products.

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