The Arab country was the third biggest importer of beef from Brazil year-to-date through October and accounted for 4.7% of total foreign sales.
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The government of the North African country has removed the VAT on the import of up to 20,000 tonnes of beef, sheep, goat, and camel meat.
Algeria has joined the list of the top 20 importers of Brazilian beef, at 34,200 tonnes from January to September. The UAE also increased their purchases, contributing to the rise in exports.
Region went from a 10.6% share of exports of the Brazilian company in the second quarter of 2023 to 15.7% in the same period this year. A highlight at the earnings release was a net profit of USD 329 million.
The Egyptian government permitted Brazilians to export bone-in beef to the country, said the Ministry of Foreign Affairs of Brazil.
The Arab country ranked fifth among the destinations of beef from Brazil from January to July 2023 and rose to third place this year, increasing its purchases by 212%.
Arab country was the third largest importer of beef from Brazil in the first half of the year, only behind China and the United States. Purchases stepped up both in volume and value.
Since June 10, 1974, the two countries have maintained diplomatic relations that’ve evolved into an intensive trade. In an exclusive interview with ANBA, the UAE’s ambassador to Brasília, Saleh Alsuwaidi, said cooperation between the countries also encompasses culture, tourism and defense.
Mission from Brazilian government was in Morocco to participate in agricultural exhibition SIAM and to hold meetings with officials. Brazil promised to open market to Moroccan mandarins and is negotiating tariff rate quotas to export beef and poultry, which face high rates to enter the Arab country.
Average price of the tonne of beef shipped from Brazil in March was 4.5% lower than a year ago. Beef industry group Abrafrigo reported that the United Arab Emirates was the third leading destination of the product.
Following visits to Goiânia and Brasília, members of the Arab delegation say that the attention to halal food production and sanitary hygiene further strengthens Brazil’s standing as a food supplier.
Arab country allowed that Brazilian authorities authorize meatpacking plants to sell to its market, replacing face-to-face audits by Egyptians. Process opens the possibility to shorten the waiting list for authorization, which now includes some 30 establishments. Decision includes beef, pork, and poultry.
In the Arab country, the presidents of Brazil and Egypt formalized agriculture and science and technology protocols and discussed the role of the U.N. Security Council. Lula said that Brazil will make new contributions to the U.N. Palestinian refugee agency UNRWA.
Mission to the Asian country featured Brazil’s agriculture minister Carlos Fávaro, Foreign Ministry, and industry associations. An event held by the Halal do Brasil project presented the Brazilian production to Indonesian businesspeople.
