The Arab country had a lower trade surplus in the sector in May due to increased imports and decreased exports. The main purpose of the fish purchased from the foreign market by Tunisia is industrial processing.
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Saudi Arabia has approved the International Veterinary Certificate (IVC), allowing Brazil to export ornamental fish to its market.
In 2023 Brazil exported USD 24.7 million, up 4% from 2022. Leading export was tilapia and tilapia products.
Decision from Cairo to open fish and seafood market brings new business opportunities for the industry due to the local demand. The Arab country could reexport them to its African and Middle Eastern partners.
Libyan executives arrived in the country aiming to close deals and make new contacts. Among them are businesspeople from a food importing group and Tripoli Chamber of Commerce executives.
A survey revealed that Brazilian fish exports grew 15% in 2022, reaching USD 23.8 million. Libya was the fourth main destination.
Brazil doubled its fish exports in the first half of 2022. Frozen fillet was the main item purchased by Libya.
The country is the world’s fourth-largest producer of this farmed fish, and the sector is experiencing a turning point, with an increase in exports and prospects for an even higher growth in shipments.
The Brazilian administration has included state-run fishing ports in Natal, Aracaju, Vitória, Santos and Cananeia in its privatizations program.
Morocco already is the Arab country that exports the most fish to the Brazilian market. With the opening, the secretary of Aquiculture and Fisheries of the Ministry, Jorge Seif Júnior, expects to ‘create a more bilateral trade.’
While paying a visit to the Arab Brazilian Chamber of Commerce, Lourdes city mayor Gisele Tonchis presented agribusiness projects.
Governor Daniel Pereira visited the Arab Chamber and spoke of enhancing commercial ties with the region. The state is a potential exporter of coffee, beef and fish, as well as a fertilizer importer.
