Brazil: Low taxes stimulate lobster and hatching egg sales to Morocco

Published 2023년 10월 6일

Tridge summary

Brazil has the opportunity to export lobsters and poultry genetics to Morocco, as taxes on these products are low compared to other animal proteins imported by the country. Morocco's tax on beef from Brazil is 200% due to protectionism and existing free trade agreements with other countries. While there is potential for sales in Morocco, Brazil has not yet exported poultry genetics or lobsters to the country.

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

Original content

São Paulo – Morocco’s market for poultry genetics and lobster from Brazil has been open for over three years since 2020, but Brazilians don’t export them to the North African state yet. According to the agricultural attaché of the Embassy of Brazil in Rabat, Ellen Laurindo, taxes on both are low if compared to other animal proteins imported by the Arab country. The Brazilian Trade and Investment Promotion Agency (ApexBrasil) published last week a market study that analyzes the opportunity for Brazilian exporters to sell lobsters and poultry genetics to Morocco. The attaché spoke with an ANBA reporter on the survey. “There’s potential to sell these products [to Morocco], as the taxes on animal products are 69% on average. For poultry genetics in particular the tax is 2.5%, while for frozen lobster it’s 10%. These are the products with the lowest tax rates [considering this range of product],” said Laurindo. Just to get an idea, Morocco’s tax on beef imported from Brazil is 200%. ...

Source: Anba