Agreement will expand agricultural cooperation between Brazil and Vietnam

The country is the sixth largest market for Brazilian agricultural products. Action Plan to expand trade relations was signed by minister Carlos Fávaro in a ceremony at Itamaraty

25.09.2023 | 18:23 (UTC -3)
Sissy Cambuim, Cultivar edition

During President Lula's bilateral meeting with the Prime Minister of Vietnam, Pham Mihn Chinh, the action plan for the agricultural cooperation agreement between the countries was signed. The document was signed by the Minister of Agriculture and Livestock, Carlos Fávaro, and the Vice Minister of Agriculture and Rural Development of Vietnam, Nguyen Hoang Hiep, at the ceremony held at the Itamaraty Palace, this Monday.

One of the largest markets for Brazilian agribusiness products, Vietnam receives practically the same as France in Brazilian exports.

“Vietnam is our sixth largest buyer in the world. They buy soy, corn, cotton, beef and want to expand this commercial relationship, including products such as coffee, of which they are producers”, explained minister Carlos Fávaro.

The action plan between the Ministry of Agriculture (Mapa) and the Ministry of Agriculture and Rural Development of Vietnam (Mard) effectively implements the memorandum of understanding signed in 2018. The action plan covers the period from 2023 to 2025 and has as proposals the exchange of agricultural export data, regulation and negotiation of the import and export market for agricultural, forestry and fishing products.

“We signed an action plan that will allow us to move forward in opening the Vietnamese market to new Brazilian agricultural products”, declared Vietnamese Prime Minister, Pham Minh Chính.

By highlighting the relevance of Vietnam for Brazilian agricultural exports, President Lula highlighted the expansion of the commercial relationship between the countries following the agreement.

“We want to expand this flow, and also diversify it, with more high-value-added products,” stated the president.

At the request of President Lula, Mapa will carry out an official mission to Vietnam to learn about the potential of machines for small producers and the strengthening of trade relations between the countries.

Mosaic Biosciences March 2024