Brazil and China close to signing pork offal export protocols

Published Nov 22, 2024

Tridge summary

Brazil is nearing the completion of protocols to export pork offal and fish to China, unbeknownst to the public despite Chinese President Xi Jinping's recent visit to the country. These protocols, which are not yet signed, aim to capitalize on China's $6 billion pork imports in 2023, a sector currently marked by a trade dispute with European pork suppliers. Brazil, a significant player in the global pork market, exported approximately 1.2 million tons of pork in 2023 but only around 100,000 metric tons of offal. The details of the protocols are still under wraps, and an announcement is anticipated soon.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Brazil is close to finalising protocols for exporting pork offal and fish to China, two people familiar with the matter told Reuters on Thursday, in the wake of a historic visit by Chinese President Xi Jinping to the South American nation, reported Reuters. The agreements were not signed during Xi's visit as details pertaining to the protocols are still pending, said the sources, who spoke on condition of anonymity because talks were private. The sources said negotiations for both protocols were advanced and should be completed soon. They declined to give a time frame for an announcement. "It should not take long," one of the persons said. The negotiation of the protocols comes amid a trade dispute involving China and European pork suppliers, whom China has accused of dumping. China's total pork imports, including offal, totaled about $6 billion in 2023, with Spain accounting for about $1.5 billion. The Netherlands and Denmark each exported the equivalent of more than $500 million ...
Source: Thepigsite

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