Morocco grants full tax exemption for Brazilian meat

Published Oct 21, 2024

Tridge summary

The Moroccan government has exempted Value Added Tax (VAT) on the import of beef, lamb, goat, and camelid meat from Brazil, up to a quota of 20,000 tons, as part of a strategy to boost the agricultural sector and ensure food supply. This decision follows a Brazilian mission led by Julio Ramos, Deputy Secretary of Trade and International Relations of the Ministry of Agriculture and Livestock (MAPA), aiming to facilitate access of Brazilian products to the Moroccan market and strengthen commercial ties between the two countries. The quota also includes up to 120,000 heads of cattle and 100,000 sheep, and maintains the parafiscal tax for importers. This development is part of Morocco's efforts to open its market to Brazilian agricultural products, with bilateral trade between the two nations totaling US$ 2.65 billion in 2023.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Moroccan government has announced a total exemption from Value Added Tax (VAT) on the import of beef, lamb, goat and camelid meat from Brazil, with a quota of up to 20,000 tons. The measure, formalized by official letter, was coordinated by the Moroccan Ministries of Economy and Finance, Agriculture and Industry and Commerce, as part of a strategy to boost the agricultural sector and guarantee the country's food supply. The achievement of this VAT-free quota is a direct result of the official Brazilian mission carried out in April of this year, led by the Deputy Secretary of Trade and International Relations of the Ministry of Agriculture and Livestock (MAPA), Julio Ramos. The mission was supported by the Ministry of Foreign Affairs and included the participation of the Brazilian ambassador to Morocco, Alexandre Parola, and agricultural attaché Ellen Laurindo. Negotiations made progress on crucial issues, such as import tariffs, which reach 200% for frozen beef and 100% for ...

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.