China announces investigation into beef imports

Published Dec 27, 2024

Tridge summary

China's Ministry of Commerce has initiated an investigation into the necessity of safeguard measures on beef imports, looking into the impact of these measures from 2019 to mid-2024. This investigation covers all beef exporters globally. Meanwhile, the Brazilian government plans to demonstrate that Brazilian beef exports do not harm the Chinese industry and will maintain the 12% ad valorem tariff on beef imports until the investigation's conclusion. The Brazilian Association of Meat Exporting Industries supports this dialogue and claims that Brazilian beef exports meet high quality standards.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

China's Ministry of Commerce has launched an investigation into the application of safeguard measures on beef imports. The investigation, which began today (27), covers all beef exporters in the world to the country and should analyze the period from 2019 to the first half of 2024. The work will last eight months. The Brazilian government has taken note of the matter and reported that "in principle, no preliminary measures will be adopted, and the 12% ad valorem tariff that China applies to beef imports will remain in force. The Chinese are the largest consumers of Brazilian beef, consolidating themselves in recent years as Brazil's largest trading partner in animal proteins. In 2024, Brazilian beef exports to the country totaled more than 1 million tons, representing an increase of 12.7% compared to the same period in 2023. In a statement, the Ministry of Agriculture and Livestock (Mapa) said that over the next few months, the government, together with the export sector, will ...
Source: CanalRural

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.