In news that will please Washington as much as our booming relationships with China, Argentina and Uruguay are all enjoying stronger trade and investment ties with the Middle East.
Samantha Pearson’s article in FT focuses initially on Brazil’s record beef exports to Iran and quickly expands to include Argentina and Uruguay in the Middle East equation. Commodity exports like wheat still top the list, she writes, but the relationships are poised to broaden into sectors as diverse as aircraft, franchises and mining.
Pearson credits South America’s chameleon-like adaptability as the key to reaching 350 million consumers in the 22 countries of the Middle East. Just as China continues to broaden investment in the region to areas like finance and infrastructure, so to will Mercosur countries begin offering a wider range of value-added goods and services in the Arab world.
South America has a way with seduction, and so far good food, solid franchises and luxury brands are leading the love parade into the hearts, minds and stomachs of Middle East consumers. “Middle Eastern investors are looking for brands,” writes Perason who singles out Starbucks, Brazilian churrascarias and polo clothing mecca La Martina which now operates stores in Kuwait, Lebanon and Dubai. (Full Story at FT.com)









