Opportunity for Uruguayan meats in the Middle East and North Africa

Published 2021년 3월 21일

Tridge summary

Uruguay has a promising opportunity to increase its meat exports to the Middle East and North Africa, which import around $3.4 billion worth of beef annually. The region, consisting of 20 countries, imposes low tariffs and no quotas, making it an attractive market. Despite having sanitary authorization to export to several countries, Uruguay only maintains significant exports to Israel. The region's growing income and urbanization have led to an increase in meat imports, making it a lucrative opportunity for beef and sheep exports. However, Halal certification is necessary for exporting beef to several countries with a Muslim majority. In 2020, Uruguay exported $52 million worth of beef to the region, primarily to Israel.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Good opportunities open up for Uruguayan meats in the Middle East and North Africa. This region is attractive because it imports around 3.4 billion dollars of beef annually since 2010, and imposes average default tariffs of less than 5%, without quotas. Despite having sanitary authorizations to export to several countries in the region, Uruguay only maintains a relevant export flow with Israel, says a report from the National Meat Institute (INAC). The Middle East and North Africa (MENA) is a region made up of 20 countries: Algeria, Bahrain, Djibouti, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia, United Arab Emirates (UAE), Palestine, and Yemen. It should be noted that this name does not refer to a commercial block formed, but to a geographical region. With almost 500 million inhabitants and a Gross Domestic Product (GDP) of 3.65 trillion dollars, this region represents 6% of the world population and 4.5% of the ...
Source: Eltelegrafo

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