Lula and Fávaro highlight expansion of Brazil's opportunities in foreign trade

Regulation & Compliances
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Innovation & Technology
Published Apr 13, 2024

Tridge summary

Brazil has significantly expanded its agribusiness trade capabilities, with President Luiz Inácio Lula da Silva and Agriculture Minister Carlos Fávaro celebrating a milestone in exporting meat to China from a newly authorized refrigeration plant, part of 38 facilities recently permitted to export, boosting the number of Brazilian companies eligible to trade with China to 144. This development is expected to enhance Brazil's trade balance by R$10 billion annually. Additionally, Brazil marked its 105th commercial expansion in agribusiness since early 2023, opening its 27th market in 2024 by exporting animal by-products to South Korea, extending its global agribusiness reach to 50 countries. These achievements underscore Brazil's strategic efforts to open new markets, aiming for economic growth and job creation, particularly benefiting regions like Mato Grosso do Sul, which saw a significant increase in its beef export capacity to China.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The work on expanding Brazilian opportunities in foreign trade continues to be one of the Federal Government's priorities and is already showing results. This Friday (12), the President of the Republic, Luiz Inácio Lula da Silva, and the Minister of Agriculture and Livestock, Carlos Fávaro, visited, in Mato Grosso do Sul, one of the refrigeration plants recently authorized for the export of Brazilian meat to China and also accompanied the first shipment of the product to the Asian country. The establishment is part of the 38 that were authorized by the Chinese market on March 12th, the largest number of authorizations granted at once in history. With the announcement, the number of qualified companies in Brazil increased from 106 to 144, providing a great expansion of bilateral trade opportunities. “It is a joy to be back in Mato Grosso do Sul to participate in the first batch of animal protein to be sent to China from one of the qualified meatpacking plants. It is a tribute to ...
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