Reactions in Brazil after China announced it would investigate beef imports

Published 2024년 12월 30일

Tridge summary

The Brazilian government is set to defend the compatibility of its beef exports to China, aiming to demonstrate they do not undermine China's domestic production. This defense is part of an eight-month investigation into beef imports from all countries, covering 2019 to mid-2024. During this time, China's 12% tariff on beef imports will remain unchanged. Brazil is the largest supplier of beef to China, a relationship that has grown despite Brazil's concerns over cheap exports from China and other Asian countries. To diversify its beef export markets, Brazil is engaging in trade negotiations with Japan, Vietnam, South Korea, and Turkey.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Brazilian government said in a statement that it will work in the coming months to demonstrate that the beef Brazil exports to China is “complementary” to Chinese production and does not in any way harm the Asian country’s industry. “The Brazilian government reaffirms its commitment to defend the interests of Brazil’s agribusiness, respecting the sovereign decisions of our main trading partner,” it added. The investigation covers all countries that export beef to China and should analyze the period between 2019 and the first half of 2024. The investigation should last eight months. In principle, no preliminary measures should be taken, with the 12% “ad valorem” tariff that China applies to beef imports remaining in force. China is the main destination for Brazilian beef exports, consolidating itself in recent years as Brazil’s largest trading partner in animal proteins. In 2024, Brazilian beef exports to the country totaled more than 1 million tons, representing a 12.7% ...
Source: Agromeat

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