Strategic Partnerships Between Brazil and China Could Boost the Country’s Position in the Global Agricultural Export Ranking
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During Chinese President Xi Jinping's official visit to Brazil, 37 agreements were signed, six of which are directly related to the Ministry of Agriculture and Livestock (Mapa). Among the key developments, four phytosanitary protocols with China were signed, allowing the export of fresh grapes, sesame, sorghum, fishmeal, fish oil, and other animal feed products. These agreements could generate up to $500 million annually. Additionally, in June this year, China approved the importation of Brazilian pecans, further expanding trade opportunities.
The opening of new markets for Brazilian products, catering to a population of over 1.4 billion people, has the potential to boost Brazilian agriculture and position the country as the world's top exporter, as seen with cotton in 2023.
Another highlight was the agreement between ApexBrasil and Chinese coffee chain Luckin Coffee, which will purchase 240,000 tons of Brazilian coffee from 2025 to 2029, in a deal worth $2.5 billion. This amount represents a significant increase compared to the $80 million in coffee exports to China in 2022.
During the visit, memorandums of understanding were also signed regarding technology and pesticide regulation, as well as agreements to promote technical and commercial cooperation in the agricultural sector. The strong relationship between the two countries led to the requalification of 11 meatpacking plants and the certification of 38 new ones, consolidating China as the largest buyer of Brazilian beef, responsible for 51.6% of the country's beef exports.
In 2023, Brazilian agricultural exports to China reached a record $60.24 billion, marking an increase of $9.53 billion compared to the previous year.