Tue, 2 May 2017
A recent announcement from the Brazilian Ministry of Agriculture, Livestock and Food Supply (MAPA), has confirmed that “Brazil and Russia are working to bring bilateral agricultural trade flows from US$ 5 billion to US$ 10 billion over the next five years”. The Brazilian Government is focusing on dairy and meat (poultry, pork and beef) as core trade resources with its fellow BRICS country.
This is not simply an exporting deal, however, as Russia are keen to expand their own exports of agricultural products back to Brazil, with a special focus on fish. Brazil has already approved three Russian establishments for imports, with Russia pushing to raise this figure to 108 accredited fish suppliers.