China – Brazil Agricultural Trade Research

INSTITUTO DE PESQUISA ECONÔMICA APLICADA (IPEA), CHINESE ACADEMY OF INTERNATIONAL TRADE & ECONOMIC COOPERATION (CAITEC)

Since the beginning of the XXI century, the trade relationship between China and Brazil has developed rapidly with an average annual growth rate of 30% in trade value. Brazil is China’s largest trading partner in Latin America, while China has become Brazil’s largest trading partner in the world for 11 consecutive years. 

Possessing rich resources, Brazil is a major exporter of agricultural products and one of the most important food supplier countries in the world. Its exports of soybeans, corn, coffee, citrus, cattle, pigs and poultry rank among the top. With a huge market of 1.4 billion consumers, China has become the world’s largest importer of agricultural products. The diversification of consumption and demand of high quality goods stimulate rapid expansion of agricultural trade scale between China and Brazil. The value of agricultural products accounts for more than one-fifth in bilateral trade. There is also a strong demand for bilateral cooperation in agricultural industry chain.

Authorities of China and Brazil are working together to ensure the stability and sustainable development of bilateral trade. For instance, the signing of AEO mutual recognition and Memorandum of Understanding on E-Commerce Cooperation have promoted greatly the facilitation of bilateral agricultural trade. As think tanks, CAITEC and IPEA are also committed to exploring a better way for China-Brazil agricultural trade and cooperation.

The COVID-19 has caused unprecedented damage to the global economy and world trade. But at the same time, innovation, development of science and technology and close cooperation among countries still make our future hopeful. In the research, we took in consideration the influence of the world’s latest changes and made a comprehensive analysis of the current situation and future of bilateral agricultural trade.

This report includes 5 chapters following this introduction. Chapter 1 depicts the current situation of bilateral trade, including a detailed analysis of main trade products, sensitive products for FTA, comparative advantages and tariffs. Chapter 2 introduces laws, regulations, administrations and Non-Tariff Measures of the two countries related to the agricultural trade. Chapter 3 analyzes possible opportunities and challenges for bilateral trade based on the latest world situation. Chapter 4 discusses the potential areas of agricultural cooperation between China and Brazil. Chapter 5 provides suggestions for the development of bilateral trade relationship.

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