News in brief:
– Brazil’s Ministry of Agriculture and Livestock secures 13 new deals to expand exports, including approvals from Australia for fish imports and Costa Rica for stem cell-based products.
– It aims to reaffirm confidence in Brazil’s sanitary controls and offer local farmers opportunities to diversify markets, with 2024 exports to Australia surpassing $24 million.
Brazil’s Ministry of Agriculture and Livestock announced significant strides in expanding its export portfolio, with recent agreements facilitating trade with Australia and Costa Rica. These developments mark the culmination of 13 export agreements inked this year, underscoring Brazil’s growing presence in global markets.
Australia has greenlit the import of Brazilian fish, a move set to bolster trade relations between the two nations. With this approval, Brazil adds another lucrative market to its export network, further diversifying its agricultural trade portfolio.
Costa Rica has joined the ranks of countries approving Brazilian agricultural products, particularly those based on mesenchymal stem cells for therapeutic use. This milestone signals Brazil’s commitment to expanding its footprint in Central America, tapping into Costa Rica’s robust demand for agricultural imports.
The Ministry highlighted these developments as pivotal in reinforcing international confidence in Brazil’s stringent sanitary control measures. By securing access to key markets like Australia and Costa Rica, Brazil underscores its commitment to upholding high-quality standards in agricultural production.
For local farmers, these export agreements offer promising opportunities to tap into new markets and increase revenue streams. With access to markets like Australia and Costa Rica, Brazilian farmers can diversify their export destinations, reducing dependency on traditional markets and mitigating economic risks.
In 2023, Brazil exported agricultural products worth $293 million to Australia, with coffee, forestry products, animal goods, and juices leading the pack. The surge in exports to Australia, surpassing $24 million in 2024, reflects Brazil’s growing foothold in the Australian market.
