(MENAFN) China lifted a ban on imports of meat from Brazil after Brazilian authorities emphasized details of a police investigation into alleged bribery of health inspectors.
In addition, the move by China was accompanied by the lifting of import bans in Egypt and Chile, bringing hope of an end to a crisis that saw one-fifth wiped off the value of Brazilian exports.
Moreover, meat is Brazil's 3rd largest export, after soy and iron ore, while the country sold almost USD13.5bn in chicken, beef and pork products in 2016.
The Chinese government retained a ban on exports from 21 processing plants linked to the federal police investigation as it carried out its own inspections.
MENAFN2703201700450000ID1095347943
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.