Brazil’s InvestSP joins the Global Logistics Passport Initiative

Brazil’s InvestSP joins the Global Logistics Passport Initiative

DUBAI, 31st October, 2021 (WAM) -- Brazilian Invest SP Corporation and the Global Logistics Passport Initiative signed a Memorandum of Understanding (MoU) under which the company will act as a coordinating partner that helps create business opportunities available to local traders and thus achieve cost and time efficiency.

The MoU was signed in the presence of Mahmoud Al Bastaki, President of Dubai Trade and General Manager of the Global Logistics Passport Initiative, and Gustavo Deniz Junquera, Chairman of the Board of InvestSP.

Brazil is the second largest country in the world in terms of GDP and the second largest in America. The recently announced green investment plans aim to provide opportunities that promote green financing in key sectors such as agriculture, transport infrastructure and renewable energy. Brazil also recently announced plans to redouble its bilateral trade efforts with countries including the United Arab Emirates over the next five years to reach $ 5.6 billion.

Mahmoud Al Bastaki said: "Trade relations between Brazil and major economies around the world have always been strong, and we are very pleased that the Brazilian Foundation has joined this initiative. We are convinced that it will help us build bridges and communicate with partners and stakeholders