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China Suspends Anti-Dumping Measures on Brazilian Chicken - Breaking News

2024-02-28T00:32:59.817Z

Highlights: China Suspends Anti-Dumping Measures on Brazilian Chicken. Brazil is the world's largest exporter of chicken meat. In 2023, Brasilia sent 679 thousand tons of chicken to Beijing, guaranteeing revenues of 1.9 billion dollars. The Brazilian government expressed its satisfaction with the annulment of the provision which had "damaged the competitiveness of Brazilian products on the Chinese market", according to a note from the government. The measure was envisaged to protect the industry of the importing country or in the event of the existence of unfair commercial practices.


Chinese authorities have decided not to renew anti-dumping measures applied since 2019 to Brazilian exports of chicken meat products. (HANDLE)


Chinese authorities have decided not to renew the anti-dumping measures applied since 2019 to Brazilian exports of chicken meat products.

The measure - envisaged to protect the industry of the importing country or in the event of the existence of unfair commercial practices (dumping) - provided in the specific case for the application of a surcharge on the value of the imported product ranging between 17.8 and 34.2%, depending depending on the exporting company.

Furthermore, 14 Brazilian companies had signed "price commitments" with the Chinese government, obliging themselves to charge prices above a minimum level pre-established by Beijing.

The Brazilian government expressed its satisfaction with the annulment of the provision which had "damaged the competitiveness of Brazilian products on the Chinese market".

“This is a positive result for our poultry sector and for Brazil's economic-trade relationship with China.


   Brazil remains committed to maintaining an open and constructive dialogue with Chinese partners, seeking opportunities for cooperation and sustainable development in trade relations,” he reports a note.


    Brazil is the world's largest exporter of chicken meat, while China is the world's second largest consumer of the product as well as the main destination for Brazilian poultry shipments.

In 2023, Brasilia sent 679 thousand tons of chicken to Beijing, guaranteeing revenues of 1.9 billion dollars.


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Source: ansa

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