News

Brazil closes new sales to Australia and Costa Rica

Brazil
Australia
Costa Rica
Regulation & Compliances
Market & Price Trends
Published Feb 21, 2024

Tridge summary

The governments of Australia and Costa Rica have given the green light for the import of fish and mesenchymal stem cell-based products from Brazil. This move is seen by Brazil's Ministry of Agriculture and Livestock as a testament to the country's health control system and a boost to trade. In 2023, Brazil's agricultural exports to Costa Rica and Australia were worth US$272 million and US$293 million respectively. The ministry anticipates that by 2024, exports to Australia will surpass US$24 million.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The Ministry of Agriculture and Livestock reported that the Australian government approved the import of fish from Brazil, while the Costa Rican government approved the entry of products based on mesenchymal stem cells (dogs, cats and horses) for therapeutic purposes. According to the ministry, the two markets add to 11 others opened this year, totaling 91 since the beginning of last year. “These openings should contribute to increasing trade flow with these two important markets and reaffirm international confidence in Brazil’s health control system”, highlighted the ministry, in a note. The statement evaluates Costa Rica as an important destination for Brazilian agricultural products which, in 2023, totaled US$272 million in exports to that market. The main items were cereals, flours and preparations, forestry products and soy products. In January of this year alone, agricultural exports to Costa Rica reached around US$30 million. As for Australia, Brazil exported agribusiness ...
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