Brazil has potential to expand sales in South Korea
Published Apr 9, 2021
South Korea, which is the seventh main destination for Brazilian agribusiness exports, with US $ 2.2 billion in revenue in 2020, buys from other countries 70% of the food it consumes. Koreans have agreements with 18 markets, including major competitors from Brazil, such as China, the United States, New Zealand, Australia and the European Union, and also from Brazilian neighbors, such as Peru, Chile and Colombia. The superintendent of International Relations of the CNA, Lýgia Dutra, says that Brazil is lagging behind and isolated in the international market, but left an untapped potential. ýWe do not have commercial agreements, we are only able to export more ýcommoditizado products. The differentiated product pays high tariffs, it is unable to enter the market, he said to Valor. A broad and ambitious trade agreement, he says, would bring down the tariff and health barriers currently imposed by South Koreans. According to the analysis of the CNA, the products with the ...