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China, Saudi Arabia End Brazil Meat Embargo

20 November 2014

BRAZIL – Brazilian meat plants are to have access to the Saudi Arabian and Chinese markets again next month.

Eighteen plants have been formerly approved by China, Brazilian minister of agriculture Neri Geller confirmed on Wednesday.

Saudi Arabia still has to ratify specific plants for approval.

Mr Geller visited Saudi Arabia earlier this month and met with Dr Fahd bin Abdulrahman Balghunaim, the Minister of Agriculture of Saudi Arabia.

During the meeting, they discussed bilateral trade issues between Brazil and Saudi Arabia as well as future cooperation in the field of agriculture and ways to promote investment opportunities in agriculture between the two countries.

The meeting was attended by Chairman of the Board of the Saudi Agricultural Development Fund Engineer Abdullah Bin Sulaiman Rubaiaan who is also the Chairman of ARASCO, the Undersecretary for Fisheries Engineer Jaber bin Muhammad, Ambassador of the Republic of Brazil to the Kingdom H.E. Flavio Marega and officials from MAPA.

Mr Geller said the new trade announcement would be worth between $700 million and $1.2 billion next year.

This will be across poultry, beef and pork sectors.

Eyeing up possible new markets in the Persian Gulf area, he mentioned the benefits new opportunities would mean for employment.

He added: “This creates a surplus in the trade balance and moved the national economy.”

Before the embargo, 2012 export values to China and Saudi Arabia were valued at US$74.87 million and $156 million to China and Saudi Arabia respectively.

Mr Geller is pictured above with Dr Balghunaim and Flavio Marega, the Brazilian Ambassador (Left).

 

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