China may buy more beef from Brazil: ambassador

Source:Global Times Published: 2019/4/17 15:22:41

China could agree to import more Brazilian meat after high-level talks set for May, the Chinese ambassador to Brazil has said, according to media reports.

More Brazilian farm and animal products can be imported into the Chinese market through cooperation between the agriculture ministries and quality inspection departments of both countries, Yang Wanming was cited as saying by Brazilian newspaper Folha de S.Paulo on Tuesday.

Yang said the two sides will discuss how many meat processing plants could be approved to export to China when Brazil Agriculture Minister Tereza Cristina Dias visits China in May.

The new list of plants permitted to export to China could be announced when Brazil Vice President Hamilton Mourao visits China later the same month, according to Yang.

As many as 78 Brazilian meat processing plants could be added to the list, which has 64 plants currently, according to a person familiar with the matter, said the report.

Amid the China-US trade war, China has expanded its soybean imports from the South American country, which boasts vast land and a developed agricultural sector.

Brazil's meat exports to China are still expected to expand, although talks between China and the US are easing trade tensions, according to an analyst.

"The beef import demand from China will remain steady, and both sides are expected to further expand cooperation in the agriculture sector," Bai Ming, deputy director of the Institute of International Market Research of the Chinese Academy of International Trade and Economic Cooperation, told the Global Times on Wednesday.

"The potential deal between China and the US will not pose a negative impact on China's trade with Brazil," Bai said, "Chinese demand for Brazilian soy will remain stable as well."

Brazil said it expects to attract more Chinese investment to boost the country's infrastructure to support agriculture, according to the Xinhua News Agency on Sunday.

Brazil Agriculture Minister Tereza Cristina Dias said the country expects to establish long-term strategic cooperation rather than just establish trade, according to the report.



Posted in: MARKETS

blog comments powered by Disqus