Brazil will keep being an important beef exporter to the United States in 2023. The quota of 65,000 tons/year for the product, however, will remain unchanged, according to a report by the country’s Department of Agriculture (USDA).
The country is the largest exporter to the US within the “Other Countries” category of tariff quotas (TRQ) stipulated by the World Trade Organization (WTO), which limits exports from the group to up to 65,000 tons.
When they reach the maximum amount allowed by the quota, Brazilian beef exports are subject to an import tariff of 24.6%.
According to the USDA, the demand for Brazilian protein will remain firm this year, in view of a more restricted supply due to the low livestock cycle.
Brazil filled the total quota in April last year. Even so, it continued to be the main exporter within the category until September and the fifth largest exporter, behind only Canada, Mexico, New Zealand, and Australia.