Brazil and China are expected to hold their first high-level political and economic talks since 2015 later this year, Brazil’s agriculture trade secretary told Reuters on [January 31], in a move likely to boost farm trade between the two countries.
The first meeting of the China-Brazil High-Level Coordination and Cooperation Committee (Cosban), last convened under former President Dilma Rousseff, is “very probable” for the second half of the year, said Orlando Leite Ribeiro, who oversees trade and international relations at the Agriculture Ministry.
The meeting should advance talks to permit more Brazilian meatpackers to export to China and to accelerate Chinese approvals of genetically modified (GMO) products, Ribeiro said in an interview.
Brazil exports to China totaled $64.2 billion in value last year, up 35 percent year-on-year, thanks in part as China boosted its soy imports from the South American country amid a trade war with the United States.
Regarding GMO approvals, Brazilian farmers often cannot use the latest seed technology over concerns they will not be able to sell their crop to China….
Read full, original article: Brazil to restart high-level talks with China, could boost farm trade