Brazil opens 700 agricultural markets since 2023
The trade agreement between Mercosur and the European Union boosted Brazilian exports to the European bloc by 30.7 percent from May to September of this year, compared with the same period last year. The data were released on Tuesday (Oct. 13) by the Minister of Development, Industry, Trade, and Services, Márcio Elias Rosa, during an event in Brasília. He also reported that Brazil has opened 700…
Brazil has expanded its agricultural market presence since 2023, opening 700 international markets for agricultural products, according to the Minister of Development, Industry, Trade, and Services, Márcio Elias Rosa. This expansion came following the trade agreement between Mercosur and the European Union, which boosted Brazilian exports to the European bloc by 30.7 percent between May and September of this year.
The agreement, which entered into force on May 1, has led to a 30 percent increase in Brazilian exports from May of this year, according to Foreign Minister Mauro Vieira. The Brazilian government aims to become the world's largest food exporter, with exports reaching USD 80 billion over the next four years, according to the Brazilian Trade and Investment Promotion Agency.
The sector has also attracted significant government investment, with over BRL 1 trillion allocated over the four years of the Lula administration.
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