The Brazilian Agribusiness Association (Abag) issued an official note this week demonstrating “a lot of apprehension” in the face of 50% rates imposed by the United States on various products from Brazilian Agro. According to the entity, chains such as coffee, sugar, meat, fruits, fish and agricultural machines were impacted for being “out of the list of exceptions.”
In the statement, ABAG states that “there is no technical or commercial support for such taxation” and warns that measures that “take off from economic logic” cause damage that “spread beyond borders and tests the resilience of international relations.”
The entity also argues that the moment requires a coordinated response. “The moment requires the analysis of economic and social impacts, as well as the construction of trade defense strategies in Brazil and Agro,” says the note. Abag charges that the government adopt “structuring measures to mitigate losses from the affected sectors and reinforce its competitiveness.”
Finally, the association highlights the importance of opening new markets and strengthening destinations already consolidated in the medium and long term, as well as recognizing the role of companies and entities in the sector. “It’s time to affirm Brazil’s protagonism as a reliable and sustainable supplier of food, energy and solutions to the world,” concludes the text.
