Brosh: export to Brazil to reach $540m in 2005

A Brazilian business & industrial delegation visited Israel last week as guests of the Israel Export and International Cooperation Institute.
 
Shraga Brosh chairman of the Israel Export and International Cooperation Institute said before the meetings that he would take the opportunity to discuss ways to promote a trade agreement between Israel and the Mercosur economic bloc (Brazil, Argentina, Uruguay and Paraguay).
 
Brazil, according to Brosh, is the dominant member in the Mercosur bloc. The Israel Export and International Cooperation Institute said that the number of Israeli companies doing business in Brazil rose in 2004 by 10%, to 442 companies. Brosh predicted after the meeting that Israeli exports to Brazil would grow by 5-10% this year, to $540 million.