As the Glasgow COP26 climate Summit was starting, US President Joseph Biden said from Rome that the United States and the European Union had agreed to negotiate the world's first trade agreement based on how much carbon is in a product.
Brazil's Minister of Agriculture, Tereza Cristina, denied that diplomatic relations with China are strained and said that she does not see the continuation of the Chinese ban on Brazilian beef, which has lasted for nearly two months, as a political act.
China’s customs administration said this week that it had approved beef imports from Italy as of October 26th. China relies heavily on imports to meet the growing demand for meat from an increasingly affluent middle class.
Chinese authorities have decided to go back to restrictive sanitary measures as around 133 cases of COVID-19 were detected in 11 provinces last week. The Beijing marathon has also been suspended.
China's decision to uphold a ban on meat imports from Brazil means US $ 450 million less for the coffers of President Jair Bolsonaro's administration, it was reported Wednesday. It was also good news for Uruguay.
Brazil's minister of agriculture and livestock Tereza Cristina has sent a letter to the head of Beijing's Customs office in which she expresses her willingness to discuss the current ban on Brazilian beef exports to China, according to farm media.
Pork production in China soared in the third quarter of this year, according to official data released on Monday, as big farming businesses built huge industrial breeding establishments last year to recover the swineherd hit by the deadly African swine fever.
Silence prevailed Monday in Montevideo after Uruguay's Foreign Minister Francisco Bustillo Monday welcomed his Brazilian counterpart Carlos França to discuss bilateral issues, particularly a possible 10% reduction of Common External Tariffs among Mercosur members.
Trade between Brazil and China surpassed the 2020 record during the first nine months of this year, with overall exchange reaching US$ 100bn. Total 2021 bilateral trade is expected to reach US$ 108bn.
Following several currency swaps by which China has helped to support the Argentine central bank depleted international reserves, the administration of president Alberto Fernandez intensified relations with Beijing and a year ago allowed transactions between the two countries to be made in Yuan.