The Brazilian government has secured new agricultural export opportunities with the EEU, Saudi Arabia, and Thailand, allowing the export of bananas, walnuts, yerba mate, macadamia nuts, fishmeal, and fish oil. These developments reflect Brazil’s strategy to diversify its agricultural exports, with total market openings reaching 221 by 2024, contributing to robust international trade and economic growth.
The Brazilian government has successfully negotiated new agricultural export opportunities with several nations, notably within the Eurasian Economic Union (EEU), Saudi Arabia, and Thailand. The EEU, which includes Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia, has granted Brazil permission to export bananas and walnuts, with Brazilian agricultural exports to this region exceeding USD 1.3 billion this year. Furthermore, Saudi Arabia has authorized the export of yerba mate and macadamia nuts from Brazil, where exports in 2024 have surpassed USD 2.3 billion. In addition, the Thai government has permitted Brazilian exports of protein-rich fishmeal and fish oil, with imports from Brazil exceeding USD 2.7 billion between January and November 2024. These developments highlight Brazil’s continued efforts to diversify its agricultural export portfolio and enhance international trade relations, underscoring the robustness of Brazil’s sanitary and phytosanitary standards. As of 2024, Brazilian agribusiness will have 221 market openings, contributing to a total of 299 new business opportunities since early 2023, a direct result of the collaborative efforts between the Ministry of Agriculture and Livestock and the Ministry of Foreign Affairs.
Brazil’s agricultural sector is a significant component of its economy, providing substantial export revenues and creating jobs. The nation has engaged in strategic negotiations to open new markets, reinforcing its position as a trusted supplier of agricultural products globally. The EEU, Saudi Arabia, and Thailand represent vital markets for Brazilian exports, helping to counteract the challenges posed by fluctuating global demand and competition from other agricultural exporters. These initiatives reflect a broader governmental strategy to boost trade and diversify export markets, which is crucial for sustainable economic development.
In summary, the recent authorizations allowing Brazilian exports of agricultural products to the EEU, Saudi Arabia, and Thailand represent significant milestones in Brazil’s trade strategy. By expanding its market presence and demonstrating confidence in its agricultural practices, Brazil aims to bolster its economic growth and reinforce its position in the global agricultural sector. These efforts are indicative of ongoing governmental initiatives that prioritize diversification and trade partnership enhancement, paving the way for continued success in agricultural exports.
Original Source: www.gov.br
