Opening of new market for Brazil’s ag product to generate US$ 2 billion

29.09.2016

After a recent trip to Asia, Brazil’s Minister of Agriculture, Livestock and Supply, Blairo Maggi, announced that the country will get approximately US$ 2 billion through more trade with these new open markets. “The government stimulates and creates the rules, but the negotiation has to be done by private copanies,” said Maggi.

The goal of Maggi’s mission was to increase the share of Brazil’s participation of agricultural production from seven to 10 percent of the world’s total output. The markets of South Korea and Malaysia had open their doors for Brazil’s swine meat. In the case of Vietnam, the market was reopened for beef, poultry and swine meat, while Indian opened its market for Brazilian leather, wood and fish. In Thailand, negotiations just started for the entrance of Brazilian beef there. In China, the negotiations involved several different products, including grains, coffee and sugar.


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