On Tuesday China authorised imports of maize produced in Brazil after signing a protocol specifying the phytosanitary requirements for trading the grain, according to a statement published in Beijing.
The protocol was signed in November 2013, during a visit by the Brazilian vice president, Michel Temer, to China, and now some of the phytosanitary certification issues of the exporting companies have been resolved.
China is currently the world’s second-largest consumer of maize and the United States is the main supplier. In 2013 US companies exported around 4 million tons of maize to China, which was almost double the amount exported in 2012.
According to the Brazilian press the sale of Brazilian maize to China will add around US$4 billion to trade between the two countries, a figure that will vary depending on exchange rates and the price of maize on the international markets. (macauhub)