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Arabs Seeking Trade with Brazil

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A 40-member delegation of bankers and businessmen from seven Arab countries arrived here this weekend for two weeks to examine the possibilities of increasing trade with Brazil. The delegation, comprising representatives from Lebanon, Kuwait, Saudi Arabia, Iraq, Jordan, Morocco and Libya, is considered by officials here to be of great Import. However, diplomatic sources here say that no dramatic results are expected and that the group is not here to make investments. Since the steep increase in the price of oil, the Brazilian economy has been hard hit. Brazil has since that time sought to strengthen its ties with the Arab oil-producing nations.

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