Rabat – Antonio Augusto Martins Cesar, director of the Africa Department at the Brazilian Ministry of Foreign Affairs, has great optimism about Morocco and its growing business ties with Brazil.
At a reception of the Moroccan embassy in Brasilia, Martins Cesar told Morocco’s national press agency that he was left impressed after a recent visit to Morocco. “Morocco is a solid partner for Brazil in Africa and the Arab world, thanks to the historical ties of friendship and the privileged relations that the two countries maintain in various fields,” Martins Cesar explained.
He described Morocco as a “solid partner” in Africa and the Arab world for Brazil after he had visited Morocco and saw the country’s economic development, its structural reforms and the “dynamism of Moroccan society.”
Martins Cesar sees a bright future for business between Morocco and Brazil, highlighting the growing Brazilian interest in Morocco in regard to business and tourism. He pointed to the resumption of direct flights between Casablanca and Sao Paulo as another indicator of growing economic ties between the two nations.
In December 2024, Morocco and Brazil will organize the Morocco-Brazil Business Forum, which Martins Cesar sees as a great opportunity to present to Brazilian businessmen the many business opportunities available in Morocco.
Recent reports on trade between Morocco and Brazil highlights significant growth and developments in their economic relations. In 2022, trade between the two countries reached approximately $3 billion, a continuation of a trend that began in 2016. This increase was driven by a surge in bilateral trade, with Morocco recording a trade surplus with Brazil.
Key exports from Morocco to Brazil include fertilizers, frozen fish, and phosphoric acid, while Brazil’s primary exports to Morocco are sugar cane, maize, and soybean oil.
