Australia-UAE deal to cut Australian beef tariffs unlikely to have much impact on Brazilian exports, experts say

Published 2024년 10월 14일

Tridge summary

A new agreement between Australia and the United Arab Emirates, set to take effect by the end of the year, aims to slash export taxes, potentially saving the UAE 135 million Australian dollars in the first year. This deal will eliminate tariffs on approximately 99% of Australian goods, including meat, dairy, oilseeds, seafood, steel, nuts, honey, coal, chickpeas, and lentils. Despite this, experts do not anticipate a significant change in Brazil's competitiveness in the UAE beef market due to its larger herd size and competitive pricing. The Australian Meat Industry Council welcomes the trade agreement, viewing it as a step towards greater market access for Australian meat. The UAE's growing interest in Brazilian beef, accounting for around 6% of total exports, suggests a robust market presence for Brazil in the Middle East despite the upcoming changes.

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Original content

An agreement between Australia and the United Arab Emirates on reducing export taxes to the United Arab Emirates is expected to come into effect at the end of this year. According to information from the international news agency Reuters, the agreement “would remove tariffs on around 99% of Australian products and result in savings of 135 million Australian dollars (91 million US dollars) in the first year”. Among the main products sent by Australia to the Middle Eastern destination are meat, dairy products, oilseeds, seafood, steel, nuts, honey, coal, chickpeas and lentils. Although Australia is a major player when it comes to beef, experts in the sector point out that, even with the reduction in taxes on protein exported to the United Arab Emirates, little should change Brazil’s competitiveness for shipments to the same destination. According to experts, the difference between the size of the Brazilian herd compared to the Australian herd is at the heart of the issue. According ...

Source: NoticiasAgricolas