por CNC report from Brasilia
The Association of Foreign Trade of Brazil said Thursday that the political crisis in Egypt may cause damage to Brazilian producers. It specifically pointed to those involved with chicken, beef, iron ore, aluminum oxide, and sugar.
In an interview with Brazil's local Radio Nacional, the association's Chairman Fabio Martins Faria says the losses will be evaluated soon.
Official data shows that Egypt is the third largest market for Brazilian exports of beef products, and an important buyer of aluminum oxide, sugar and chicken meat.
A free trade agreement between Brazil and Egypt has been negotiated and is expected to be ratified by the Brazilian Congress this year.
Egypt has seen violence since Jan. 25, when tens of thousands of protesters took to the streets, chanting slogans against running President Hosni Mubarak and the regime.
The massive protests have caused great losses to daily business operations.