Brazil and China signed two phytosanitary protocols to enable the selling of Brazilian corn and peanuts in the future to the Asian country during the sixth Plenary Session of the China-Brazil Commission of High Level of Agreement and Cooperation (Cosban) on May 23. However, the protocols signed do not guarantee the immediate start of shipments. The next step will be qualifying exporting establishments. Similar agreements for the trade of brans and protein concentrates of soybeans and sesame seeds have not yet been concluded. The strategic plan, on which bilateral decision-making will be based for the next decade, and the executive plan, outlining guidelines for the Sino-Brazilian relationship until 2026, were approved. The documents emphasize the importance of diversifying the export agenda. In addition, both agreements cement Brazil’s position as a reliable partner in meeting China’s demand for food security.
Sources: Valor Econômico/Datamar News