FEC looks to Latin American markets ahead of Mercosur FTA

FEC eyes Latin American export markets ahead of Mercosur FTA: The Food Export Council (FEC) is gearing up for Egypt’s freetrade agreement with Mercosur countries to come into effect and already looking for export opportunities in Latin America, council head and Edita’s CEO Hani Berzi tells Daily News Egypt. The FTA, which should be enforced by the end of the year, will allow Egyptian companies customs privileges in Brazil, Argentina, and Paraguay. This comes as Reuters reports that Brazil is looking to “revive ties with Africa” as it “sees vast export market for food and manufactured goods.” Brazil’s poultry exports rose by 27% y-o-y in 8M2017, with the larger share of that going to Egypt, Angola, and South Africa.