Brexit implementation will affect Brazilian exports

Published 2020년 9월 16일

Tridge summary

The article highlights the uncertainty surrounding Brazil's annual exports, estimated at US $ 295.6 million, to the UK post-Brexit, particularly in key products like salted chicken, cane sugar, and processed poultry meat. The National Confederation of Industry (CNI) emphasizes the need for Brazil to negotiate new quotas with both the EU and the UK to avoid disruption, within the framework of WTO rules. The article also notes the potential impact on Brazilian industries and the difference in import tariffs between the EU and the UK. The UK has already set lower tariffs for 2021, but the details of quotas remain undecided.

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Original content

A volume of at least US $ 295.6 million in annual exports from Brazil to the United Kingdom is undefined with the departure of the country from the European Union, Brexit. The figures are from a survey by the National Confederation of Industry (CNI) that considers products now exported by Brazil to the European Union with specific quotas for exemption from payment of import taxes. On January 1, 2021, the new import tariffs and all commercial policy in the United Kingdom, which were the subject of public consultation, will come into force. But Brazil still needs to renegotiate these quotas with both the European Union and the United Kingdom separately, all within the scope of the World Trade Organization (WTO). CNI's Industrial Development Director, Carlos Eduardo Abijaodi, explained that, for Brazil, if these quotas are not negotiated in the next five months, exports will remain undefined. The main products whose exports may be affected are salted chicken, cane sugar for refining ...

Source: Portal Do Agronegocio