Moroccan government grants full tax exemption for imports of beef and lamb from Brazil

Published Oct 21, 2024

Tridge summary

Morocco has approved a quota allowing the import of 20,000 tons of Brazilian meat, including beef, sheep, goat, and camelid, with a full exemption from VAT, as part of a strategy to enhance its agricultural sector and food supply. This follows a successful Brazilian trade mission and aims to strengthen Morocco-Brazil trade relations, making Brazilian products more accessible in Morocco. Additionally, Morocco may import up to 120,000 head of cattle and 100,000 sheep with VAT exemption, though parafiscal taxes will still apply. Morocco is a key market for Brazilian exports, ranking as the fourth largest destination in Africa in 2023, with bilateral trade reaching US$2.65 billion. This initiative is part of Brazil's broader strategy to boost its agricultural export competitiveness in strategic markets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In an official decision formalized by means of a letter, the Government of Morocco announced the granting of a quota of 20 thousand tons of beef, sheep, goat and camelid meat from Brazil, with full exemption from Value Added Tax (VAT) on imports. The measure was communicated by the Ministries of Economy and Finance, Agriculture, and Industry and Commerce of Morocco as part of a strategy to stimulate the local agricultural sector and guarantee the supply of food in the country. The achievement of this exempt quota is a direct result of the official Brazilian mission carried out in April of this year, under the leadership of the Deputy Secretary of Commerce and International Relations of the Ministry of Agriculture and Livestock (Mapa), Julio Ramos. During the mission, the Brazilian delegation, with support from the Ministry of Foreign Affairs and participation from the Brazilian ambassador to Morocco, Alexandre Parola, and agricultural attaché Ellen Laurindo, made progress in ...

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