Morocco grants tax exemption for Brazilian beef and lamb

Published 2024년 10월 21일

Tridge summary

The Moroccan government has exempted Value Added Tax (VAT) on imports of beef, lamb, goat, and camelid meat from Brazil, with a quota of 20 thousand tons. This decision follows a successful mission by the Ministry of Agriculture and Livestock (Mapa) from April, which led to reduced Moroccan tariffs and allows for the import of up to 120,000 heads of cattle and 100,000 sheep without VAT, strengthening trade relations between Brazil and Morocco. In 2023, Morocco was the fourth largest destination for Brazilian exports to Africa, with bilateral trade reaching US$2.65 billion.

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Original content

The Moroccan government has announced a total exemption from Value Added Tax (VAT) on imports of beef, lamb, goat and camelid meat from Brazil. The decision, formalized by means of an official letter, grants a quota of 20 thousand tons of Brazilian meat and offal, facilitating the access of these products to the Moroccan market. This achievement is a direct result of the official mission carried out by the Ministry of Agriculture and Livestock (Mapa) in April of this year, led by the Deputy Secretary of Commerce and International Relations, Julio Ramos. During the visit, the Brazilian delegation, with the support of the Ministry of Foreign Affairs and the participation of the Brazilian ambassador to Morocco, Alexandre Parola, made progress in negotiations that culminated in the reduction of Moroccan tariffs, which reached 200% for frozen beef. Check out the latest information on agriculture, livestock, the economy and weather forecasts in the palm of your hand: follow Canal Rural ...

Source: CanalRural