São Paulo government announced on Thursday (28) during a business mission to the United Arab Emirates the signing of three new memorandums of understanding between Invest São Paulo and the Arab country’s Dubai Commodities Centre (DMCC), World Logistic Passport (WLP) and financial center Abu Dhabi Global Market to attract investments and bolster exports from the Brazilian state. The MoU with WLP was signed by Mahmood Al Bastaki, COO of Dubai Trade (DT) World and general Manager of WLP, and Gustavo Junqueira, president of Invest São Paulo. The document establishes that Invest São Paulo will contribute to removing barriers and identifying opportunities to encourage a faster flow of business opportunities for local traders, thus driving cost and time efficiency. The logistics passport is a benefits program for exporting companies, thus smothing trade and cutting the red tape for the purpose of improving competitiveness and cutting costs.
Source: Brazil-Arab News Agency – ANBA (*Translated by Guilherme Miranda)