UAE, Brazil launch economic partnership

UAE, Brazil launch economic partnership

DUBAI:  The UAE and Brazil have launched a partnership to exchange knowledge and expertise in economic fields as part of a Government Experience Exchange Program, Emirates News Agency reported on Sunday. 

The new partnership was announced during a visit by a Brazilian official delegation headed by Alexandre Cordeiro Macedo, president of the Administrative Council for Economic Defense, to the UAE. 

CADE is an independent body of Brazil’s Ministry of Justice, responsible for investigating and deciding on competition matters, as well as fostering the country's competitive culture in Brazil. 

“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,” the UAE Ministry of Economy said. 

“It will also explore new paths for exchanging knowledge regarding government action and sustainable economic development,” the ministry added.

Abdulla Nasser Lootah, deputy minister of cabinet affairs for competitiveness and knowledge exchange, said the UAE is eager to form partnerships in a variety of fields with governments around the world, citing Brazil as an important player in the global economy. 

Macedo added: