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Arabs may buy $2.2 million worth of medicine from Brazil

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Staff writer ▼ | August 21, 2014
The matchmaking rounds held in the beginning of this month between Brazilian pharma sector businessmen and Arab buyers may yield $2.2 million worth of deals in the next 12 months for Brazilian manufacturers.
Pharmaceutical industry
Pharmaceutical industry  
This is the estimate made by the Brazilian Pharma Chemical and Pharmaceutical Inputs Industry Association (Abiquifi) as a result of the meeting with Arab importers promoted during the fair CPhI South America, held between August 5th and 7th in Sao Paulo.

According to a communique released by the Abiquifi, there were 121 meetings during the matchmaking rounds. This is the first time Abiquifi has promoted a meeting of the kind with Arabs in Brazil through the Brazilian Pharma Solutions project, a partnership with Brazilian Export and Investment Promotion Agency (Apex-Brasil).

For this matchmaking, nine buyers from Jordan, Egypt, Saudi Arabia, United Arab Emirates, Yemen, Iraq and Sudan were invited. The buyers came to Brazil at the invitation of the Brazilian Pharma Solutions project with the support of the Arab Brazilian Chamber of Commerce.

Abiquifi's manager said that the association should hold another matchmaking round with Arab buyers in 2015 or 2016 in order to increase sales to the region.