China, Saudi Arabia End Brazil Meat Embargo
BRAZIL – Brazil’s meat plants will have access to Saudi Arabia and China reopened next month.
20 November 2014
2 minute read
By: Eighteen units 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 said the 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.
