Egypt's Tariff Exemption to Benefit Brazilian Chicken, Says Industry Group

Egypt's Tariff Exemption to Benefit Brazilian Chicken, Says Industry Group

14 Oct, 2023

 

Egypt's Tariff Exemption to Benefit Brazilian Chicken, Says Industry Group

 

Egypt's recent decision to temporarily suspend tariffs on chicken imports is set to provide a significant advantage to Brazilian chicken exports to the North African market, as reported by the Brazilian chicken and pork processor group, ABPA.

This week, Egypt announced the suspension of a 30% tariff on whole chicken imports for a period of six months. According to ABPA, whole chickens constitute the primary poultry product that Brazil sells to Egypt.

The suspension of tariffs is expected to enhance the competitiveness of Brazilian whole chickens in the Egyptian market. This, in turn, will bolster Egypt's poultry supply, which has faced challenges due to issues such as bird flu outbreaks and increasing production costs. ABPA President Ricardo Santin noted that this move would have a positive impact on Brazilian chicken exports to Egypt.

Brazil is renowned as the world's largest exporter of whole chickens, and approximately 90% of Egypt's imported whole chickens originate from Brazilian sources. This tariff suspension aligns with Egypt's strategic approach to secure a steady and cost-effective poultry supply from a trusted international partner.

In another significant development, Brazil recently reached an agreement that allows its poultry producers to export chicken to Algeria. These trade agreements reaffirm Brazil's position as a leading player in the global poultry market and highlight the importance of international cooperation in maintaining a stable food supply.

 

 

 


Related News

Brazil's Petrobras Unveils $111B Plan, Promises $10B in Dividends

20 Nov, 2024

Brazilian state-run oil company Petrobras (PETR4.SA) has unveiled an ambitious…
Read More
President Prabowo Discusses Strategic Cooperation at Indonesia-Brazil Business Forum

19 Nov, 2024

President Prabowo Subianto recently participated in the Indonesia-Brazil Business Forum,…
Read More
PM Attends Vietnam-Brazil Business Forum in Rio de Janeiro

18 Nov, 2024

 Prime Minister Pham Minh Chinh attended a Vietnam-Brazil business forum…
Read More
Courtesy Call from Japan-Brazil Business Council Members at Plenary Meeting

06 Nov, 2024

Prime Minister Ishiba welcomed members of the Japan-Brazil Business Council…
Read More
McLaren Achieves Impressive One-Two Finish in Brazil Sprint Race

04 Nov, 2024

In a remarkable Sprint at Interlagos, McLaren achieved a flawless…
Read More
Brazil's Business Leaders Hesitant to Choose Between U.S. and China

28 Oct, 2024

Brazilian leaders navigate a challenging diplomatic landscape, striving to maintain…
Read More

© 2024 Business International News. All rights reserved | Powered by Cred Matters.