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Brazil Property News: Morocco to tighten ties with Brazil
19th June 2008 04:36
Morocco wants to promote a strong trade and investment bond between itself and Brazil, it has been reported.
The North African country believes businesses should be encouraged to take part in trade missions between the two nations, according to the ANBA.
People considering buying property in Brazil could be interested to hear the Moroccan government want to increase its country's investments in the Latin American nation.
Ivan Ramalho, Morocco's foreign trade minister, told the news agency that Royal Air Maroc is looking at establishing a direct flight route to Brazil, a move that could increase the number of North African tourists in the country.
"Morocco has huge potential for trade and investment with Brazil," he added.
It was reported last month by Bloomberg that property in Brazil will continue to boom despite an interest rate rise.
Gafisa revealed Brazilian property will not be dampened by the Central Bank's first interest rise in three years.
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