Brazil is considering granting an import quota of 750,000 metric tons of U.S. wheat per year without tariffs in exchange for other trade concessions, according to Brazilian officials. That is about 10% of Brazilian annual wheat imports and is part of a two-decade-old commitment to import 750,000 metric tons of wheat a year free of tariffs that Brazil made — but never kept — during the World Trade Organization's Uruguay Round of talks on agriculture.Add your comment!
U.S. Secretary of Agriculture Sonny Perdue announced that the United States has joined with 12 other nations, (including Mercosur founding members) to support policies that enable agricultural innovation, including genome editing. The International Statement on Agricultural Applications of Precision Biotechnology was released in Geneva at the World Trade Organization Committee on the Application of Sanitary and Phytosanitary Measures.
The Trump administration on Tuesday said it will use a Great Depression-era program to pay up to US$ 12 billion to help U.S. farmers weather a growing trade war with China, the European Union and others that the president began. It is a clear signal the U.S. President Donald Trump is determined to stick with tariffs as his weapon of choice in the conflict.
Mexican buyers imported ten times more corn from Brazil last year amid concern that NAFTA renegotiations could disrupt their U.S. supplies, according to government data and top grains merchants. Mexico is on track to buy more Brazilian corn in 2018, which would hurt a U.S. agricultural sector already struggling with low grains prices and the rising competitive threat from South America.
Brazil needs to make progress on inspections before any timeline can be set to end a U.S. ban on imports of fresh Brazilian beef, the U.S. agriculture secretary said on Monday. Agriculture Secretary Sonny Perdue and his Brazilian counterpart Blairo Maggi met in Washington, D.C., on Monday to discuss the ban that went into effect on June 22.