Vietnam’s approval for Brazil to export salted bovine hides marks a new phase in agricultural trade, meeting Vietnam’s leather industry needs. This move strengthens Brazil’s position as a major agribusiness exporter, with 2024 records indicating USD 3.51 billion in agricultural imports from Brazil. The partnership reflects collaborative governmental efforts to expand trade ties under President Lula’s administration.
Brazil has achieved a significant milestone in agricultural trade with Vietnam after the latter granted approval for the International Sanitary Certificate. This allows Brazil to export salted bovine hides, essential for Vietnam’s leather industry, which is crucial for manufacturing footwear, furniture, and various accessories. This move addresses the increasing demand for high-quality materials, thereby contributing positively to Vietnam’s economy and its export capabilities.
This new trade opportunity further enhances Brazil’s economic relationship with Vietnam, now its fifth-largest agribusiness export market in 2024. From January to November 2024, Vietnam imported over USD 3.51 billion worth of Brazilian agricultural commodities. The ongoing efforts reflect Brazil’s commitment to fortifying global trade ties under President Lula’s administration, which has successfully established 303 new markets in 62 countries since taking office in 2023.
The successful agreement results from the joint efforts of Brazil’s Ministry of Agriculture and Livestock, and the Ministry of Foreign Affairs, showcasing a strategic push to broaden the country’s international trade footprint. This strategy aims to improve Brazil’s position in the global agricultural market while expanding its presence in emerging economies like Vietnam.
The approval for Brazil to export salted bovine hides to Vietnam is pivotal for both nations. Salted bovine hides are integral to the leather production sector in Vietnam, which is prominent in various industries including footwear and furniture. As Vietnam continues to enhance its manufacturing capabilities, such imports are paramount for maintaining competitive production standards. The trade relationship indicates a broader trend of increasing agricultural exports from Brazil to Asia, responding to rising demand in different markets.
The recent approval for Brazilian exports of salted bovine hides to Vietnam indicates a strengthening of agricultural trade between the two nations. This arrangement supports Vietnam’s leather industry and highlights Brazil’s ongoing efforts to expand its agricultural market reach globally. The collaboration between government ministries underscores Brazil’s proactive approach in enhancing its agricultural export landscape, as illustrated by significant import figures in recent months.
Original Source: www.gov.br
