Beef as a sacrificial lamb in a deal in Bulgaria

Published Jul 27, 2021

Tridge summary

The European Union is planning to import 99,000 tonnes of beef from Mercosur countries (Brazil, Argentina, Paraguay, and Uruguay) annually at a duty of 7.5%, which has caused concern among Bulgarian breeders. The deal, which is expected to save Europe 4 billion euros in customs duties, will likely result in lower prices and difficulty in realizing their produce. The expensive cuts of meat, which make up 33% of a farmer's profit, will be the main import. This agreement comes at a time when European farmers are facing new environmental standards due to the Green Deal, while rainforest clearing in Brazil is providing land for livestock.

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

Original content

Bulgarian breeders find it difficult to reach the European market and therefore rarely worry about what is happening there. But when foreign meat is imported in our country, they immediately feel it due to the drop in purchase prices and the difficult realization. One such storm has been brewing for several years and is about to hit them in full force soon. Were the checks for the virtual herds a miracle in three days? For 20 years, the EU has been working on a trade deal with Mercosur - Brazil, Argentina, Paraguay and Uruguay. One of the agreements that has already been agreed and the texts are currently being clarified is the import of 99,000 tonnes of beef a year into the EU at a duty of 7.5%. On the other hand, Europe is saving 4 billion euros in customs duties, but from what? "By accepting to import agricultural products, the EU is opening up the car market in Latin America. We will start exporting duty-free cars to them, where there is much higher added value. These are the ...

Source: Agri