Brazil anticipates new opportunities for agribusiness from Xi Jinping’s upcoming visit

Brazilian authorities are hopeful that the upcoming state visit of Chinese President Xi Jinping to South America in November will open new market opportunities for the nation’s agribusiness sector.

This will mark Xi Jinping’s third visit to Brazil, following trips in 2014 and 2019, as well as before his rise to leadership. This is reported by Prensa Latina, a partner of TV BRICS.

The visit is expected to symbolise the high regard for bilateral relations through official ceremonies while also emphasising the importance of growing trade between the two nations, despite recent reductions in investment.

“Relations with China are at an all-time high, creating a favourable environment for strengthening agricultural partnerships,” noted Acting Agriculture Minister Roberto Perosa.

Brazil, renowned for its robust agricultural production capacity, views China as a strategic partner for both raw material exports and the development of technologies aimed at enhancing the efficiency and sustainability of agribusiness.

Among Brazil’s key requests is the approval for exporting products such as bone-in beef, beef crackling, and peanut flour, which could play a vital role in diversifying exports and meeting China’s growing demand.

In addition to these items, negotiations are underway for over a dozen other products, including sorghum, fresh grapes, sesame seeds, and fishmeal.

It is anticipated that several agreements will be formalised during Xi Jinping’s visit, further fostering trade relations between the two countries.

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