The United States is the second largest buyer of Brazilian beef, and the entities believe that an understanding between leaders can preserve access to this crucial market
Brazilian industrial associations, such as the Brazilian Association of Meat Exporting Industries (Abiec) and the Brazilian Association of the Machinery and Equipment Industry (Abimaq), reacted with optimism to the recent meeting between the president and the former president of the United States, in Malaysia. The entities evaluate the meeting as a positive and fundamental step towards intensifying trade negotiations between the two countries, with the expectation that a new tariff agreement can be reached, guaranteeing the competitiveness of Brazilian products on the international market.
The associations received the news of the meeting with great expectations. Abiec, which represents the beef exporting industry, highlighted the importance of dialogue to maintain the sector’s competitiveness. The United States is the second largest buyer of Brazilian beef, and the association believes that an understanding between leaders can preserve access to this crucial market, offering greater predictability to exporters and expanding the presence of the Brazilian product.
Abimaq also demonstrated optimism. According to the association’s president, José Veloso, the meeting represents an important movement by the Brazilian government. However, he expressed a note of caution, pointing out that trade negotiations are often protracted and that losses and layoffs are already occurring in the sector. To mitigate the impacts, Veloso suggested that, initially, a truce in tariffs would be a welcome measure, with a possible reduction to 10%, which would allow products that are currently stopped to flow, or the granting of new exceptions for specific sectors.
With information from Danúbia Braga
*Report produced with the help of AI
