The first edition of the Romania-Brazil Business Forum organised by the Brazilian Embassy in Bucharest will take place on Wednesday, May 29, according to the Bucharest Chamber of Commerce and Industry (CCIB).

The forum focuses on entrepreneurship in Brazil and Romania.

Brazil is the largest country in South America in terms of land size, population and economy. In its turn, Romania is the 12th largest economy in the EU. Despite this, according to the National Institute of Statistics (INS), trade with Brazil accounted last year for only 1.65% of Romania's trade with non-European countries and less than 1% of trade with non-EU countries.

Romania imports from Brazil mainly raw materials and semi-finished products, especially soybean residues (used as animal feed), sugar, crude oil, coffee, tobacco, beef and construction materials.

Romania's exports to Brazil consist of products with higher added value,...