Brazil Expands Agricultural Export Opportunities in Eurasian Union, Saudi Arabia, and Thailand

Brazil has successfully expanded its agricultural export opportunities in 2024 by gaining market access to the EAEU, Saudi Arabia, and Thailand. The EAEU has approved imports of bananas and nuts, while Saudi Arabia has welcomed yerba mate and macadamia nuts. Thailand’s acceptance of fishmeal and fish oil has further enhanced Brazil’s export volume, reflecting a strong commitment to diversifying agricultural trade internationally.

The Brazilian government has achieved significant advancements in the agricultural export sector, having secured new market access for a variety of products in the Eurasian Economic Union (EAEU), Saudi Arabia, and Thailand. Recently, the EAEU has granted permission for Brazil to export bananas and nuts, contributing to over USD 1.3 billion in agricultural exports from Brazil during 2024. Furthermore, approval for the export of yerba mate and macadamia nuts to Saudi Arabia resulted in agricultural exports exceeding USD 2.3 billion last year. Thailand has now accepted imports of fishmeal and fish oil from Brazil, leading to a remarkable USD 2.7 billion in imports from Brazil between January and November 2024.

Market access for Brazilian agricultural products is vital for enhancing trade relationships and boosting the economy. The Eurasian Economic Union, Saudi Arabia, and Thailand have presented opportunities for Brazil to introduce an array of high-demand food products. These expansions reflect Brazil’s dedication to improving its trade portfolio and are underscored by its strong environmental and health regulations, which inspire confidence among international partners. The collaboration between Brazil’s Ministry of Agriculture and Ministry of Foreign Affairs plays a pivotal role in these developments, ensuring that Brazilian products meet global market standards and consumer expectations.

In conclusion, Brazil’s recent achievements in securing market access for agricultural exports to the EAEU, Saudi Arabia, and Thailand underline the country’s efforts to diversify its export portfolio. The success in these negotiations not only affirms Brazil’s reputation for quality and safety in agricultural products but also reflects the effective collaboration of governmental agencies to foster international trade relations. As Brazil continues to expand its market presence, it reinforces its status as a leading agricultural exporter on the global stage.

Original Source: www.gov.br