Dubai, UAE — The governments of the UAE and Brazil have launched a partnership to exchange knowledge and expertise in the economic fields, in a first-of-its-kind initiative within the Government Experience Exchange Programme.
The Programme focuses on partnerships and enhancing cooperation with governments in sharing knowledge and expertise in the fields of modernization, development and government.
The launch of the new partnership came as part of a visit by a Brazilian official delegation headed by Alexandre Cordeiro Macedo, President of the Administrative Council for Economic Defense (CADE), to the UAE, during which they were briefed on the innovative business models developed by the UAE government in various fields.
An intensive workshop was organized at the headquarters of the Ministry of Economy in Dubai, in the presence of Abdullah bin Touq Al Marri, Minister of Economy, to review key experiences and expertise developed by the governments of the two countries in various economic fields.
Bin Touq said, “The partnership will enable the concerned teams in the UAE and Brazil to learn more about the best government expertise and practices, and also highlight the investment opportunities available to businessmen from both countries, in order to achieve a significant growth leap in economic and trade cooperation relations between them. It will also explore new paths for exchanging knowledge regarding government action and sustainable economic development”.
Alexandre Cordeiro Macedo, President of CADE, said visit of CADE’s delegation “represents a milestone in the development of competition policy and the promotion of international cooperation between two great nations, Brazil and the UAE”.
The Government Experience Exchange Office at the Ministry of Cabinet Affairs held a series of meetings with the Brazilian government delegation to introduce them to the UAE’s experiences, best practices and knowledge developed in the fields of government knowledge exchange, and its innovative models in performance, excellence, services and government accelerators.
During his meeting with the delegation, Abdulla Lootah reviewed the objectives of the Government Experience Exchange Programme, the partnerships it has launched with more than 30 countries around the world, and the new directions of the programme to expand building specialized knowledge partnerships in various vital sectors.
The delegation was briefed by Mohamed Bin Taliah, Chief of Government Services of the UAE Government, about the country’s experience in developing government services and innovating advanced solutions for customers at any time or place. He also reviewed the experience of designing and launching Services 1, the first government center of its kind in the UAE.
UAE has invested $5bn in Brazil
The UAE is among the largest international investors in Brazil, with an estimated US$5 billion in Emirati investments in South American country, with the presence of major Emirati companies such as Mubadala, the largest Emirati investor in Brazil, DP World, Emirates Airlines, First Abu Dhabi Bank, Yahsat, and others. the Minister of Economy Abdullah bin Touq Al Marri told the Emirates News Agency (WAM) on the occasion of the state visit by Brazilian President Luiz Inácio Lula da Silva to the UAE in April.
UAE is Brazil’s second-largest trading partner in the Middle East, according to reports.
The bilateral trade excluding petrol totaled more than four million dollars last year, representing a 32-percent rise from 2021.
The volume of Brazilian exports to the UAE is constantly increasing, with the value of Brazilian exports to the UAE totaling $714.07 million (approx. AED2.6 billion) in the first quarter of 2023.