Brazil and Argentina came out to define their position against the Chinese investigation into the meat business

Published 2024년 12월 27일

Tridge summary

The Chinese government has initiated an investigation into the unfair practices leading to the imposition of tariff barriers on beef imports, sparking concern among major suppliers such as Brazil, Argentina, and Uruguay. The investigation, which could take up to eight months, could potentially impact the exports from these countries. In 2024, Brazil's beef exports to China surpassed one million tons, marking a 12.7% increase from the previous year. Both Argentina and Brazil are closely monitoring the situation and preparing their responses. The investigation covers the period from 2019 to the first half of 2024 and does not necessitate immediate actions from the supplier countries. China is a significant market for beef exports from these countries.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The end of the year brought an unusual surprise: the Chinese government announced that it had begun an investigation aimed at determining improper practices that motivate the application of tariff barriers against beef imports. The investigation, which will last several months and is not directed at any particular country, represents a direct threat to Brazil, Argentina and Uruguay, countries that are the largest suppliers of this product in the Asian nation. As befits a nation that is a global leader in agribusiness, Brazil was the first to issue a statement on the matter. “The Brazilian government takes note of the communication from the Ministry of Commerce of China on the beginning of an investigation with the aim of applying safeguard measures to beef imports by that country,” says an official statement. “Over the next few months, and following the legal course and the deadlines of the investigation, the Brazilian government, together with the export sector, will seek to ...

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