Qatar strategic partner in supplying fertilizers, natural gas to Brazil

Qatar strategic partner in supplying fertilizers, natural gas to Brazil

Qatar - Contributing to the economic growth of South America’s food-producing agribusiness hub, Brazil, Qatar plays a pivotal role and is considered a strategic partner in the supply of fertilizers said Rafael Solimeo, Head of International Office of the Arab-Brazilian Chamber.

The trade relations between the two countries continue to strengthen with various exports and imports.

In an interview with The Peninsula, Solimeo highlighted that “Brazil exported $411.24m to Qatar in 2022, with a 44.66 percent increase over the previous year” adding that Qatar’s exports to Brazil amounted to $1.208bn, expanding 53.12 percent.

Hence, the commercial ties between the two nations are “complementary and non-competing”, enabling the development of a series of cooperations, explained Solimeo.

With over $1.6bn, the trade flow has been dynamic and growing at a fast pace. Qatar also plays a vital part in providing natural gas to Brazil, powering the country’s thermoelectric plants, which are turned on when the hydroelectric reservoirs do not have enough water to meet the demand for electricity.

He said that “Qatari natural gas not only guarantees the energy supply of the Brazilian economy but also avoids a series of environmental damages that could be caused if diesel were used in its stead.”

Brazil, on the other hand,