Government will ask for access to Japan's beef market

Published 2024년 5월 2일

Tridge summary

Japanese Prime Minister, Fumio Kishida, is set to discuss the inclusion of Brazil in the Japanese beef market with President Luiz Inácio Lula da Silva, among other topics. Despite previous attempts since 2005, Brazil has not been successful in entering the Japanese beef market, which imports 70% of its beef consumption. Kishida's visit also aims to bolster political, environmental, and economic ties, including discussions on increasing the share of Brazilian ethanol in Japan. The prime minister is also expected to discuss Brazil's neo-industrialization program and the new PAC infrastructure program, requiring private investment. Japan is a significant trading partner and the largest foreign investor in Brazil.

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

Original content

Energy transition, protection of the Amazon, recovery of the degraded Cerrado and Brazil's access to the billion-dollar Japanese beef market are among the topics that will be discussed between Japanese Prime Minister, Fumio Kishida, and President Luiz Inácio Lula da Silva, in this Friday (3), in Brasília. The Brazilian government should take advantage of the visit of the head of the Japanese government, the first since 2014, to strengthen political, environmental and economic relations, which includes the historic demand for Brazil to participate in the Japanese beef market. According to Itamaraty, Japan imports around 70% of the beef it consumes, which represents US$3 to US$4 billion per year. Of this total, 80% are imported from the United States and Australia, historical allies of the Asian country. The MRE says that, since 2005, Brazil has been trying, unsuccessfully, to enter the Japanese beef market. “Today the Brazilian health condition is much better than it was in 2005. ...

Source: CanalRural