Brazilian agriculture conquers four new markets in China

Published Nov 20, 2024

Tridge summary

China has opened four new markets for Brazilian agricultural products, including fresh grapes, sesame, sorghum, fishmeal, fish oil, and other fish proteins, following agreements signed during a bilateral meeting between Brazilian President Luiz Inácio Lula da Silva and Chinese President Xi Jinping. These markets, established under the phytosanitary and sanitary requirements set by the General Administration of Customs of China, are expected to potentially generate up to US$ 450 million in trade annually. Brazil, which has already gained access to 281 agricultural markets in 2023, is hoping to surpass US$ 500 million in trade with these products, given China's high demand and Brazil's increasing reliability as a supplier.

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

Original content

Brazil's main trading partner, China, has opened four markets for Brazilian agricultural products in agreements signed during the bilateral meeting between Presidents Luiz Inácio Lula da Silva and Xi Jinping this Wednesday (20), in Brasília. With this, Brazil has won 281 agricultural markets since the beginning of 2023. There are four protocols signed between the Ministry of Agriculture and Livestock (Mapa) and the General Administration of Customs of China (GACC) that establish the phytosanitary and sanitary requirements for the export of products. In a diversified agenda, which benefits producers from different regions of Brazil, fresh grapes, sesame, sorghum and fishmeal, fish oil and other proteins and fats derived from fish for animal feed may be sold in China. The announcement was made by President Lula in a statement to the press after the extended meeting with the Chinese president, at the Palácio do Alvorada. "Agribusiness continues to guarantee Chinese food security. ...

Source: Agricultura