The United Nations estimates that India will overtake China to become the most populous country in the world by 2030. Given this projection, the Brazilian minister of agriculture pointed out that Brazil will emerge as the leading supplier of animal protein to India.
T&A Consulting jointly-organized the ‘Brazil & India: Complementarities and Partnership on Food Security’ conference with the embassy of Brazil in India and the Brazilian Association of Animal Protein (ABPA). The high-level business dialogue was attended by Tereza Cristina, minister of Brazilian Agriculture, Livestock and Food Supply, Andre Correa do Lago Brazilian Ambassador to India, and Ricardo Santin, vice president of ABPA.
The dialogue brought together both Brazilian and Indian stakeholders from the animal protein sector, giving a rare platform to Brazilian companies from the meat and poultry sector to explore an opportunity with potential Indian partners in India.
The conference coincided with the arrival of the Brazilian President Jair Bolsonaro, who was on a four-day visit to India, most notably as a chief guest on Republic Day 2020. India and Brazil signed 15 agreements, including in the fields of animal husbandry and dairying as the two countries looked to increase their bilateral trade from the current US $ 8.4 billion (Approximately Rs 6000 trillion) to US$ 15 billion (Approximately Rs 10, 000 trillion) by 2022.
Brazilian Agriculture minister urged the Indian government to reduce import tariffs on imports of chicken meat. “For our strategic partnership in chicken meat, it is essential to reduce import tariffs. In the case of frozen whole chicken, India imposes a 30% import duty, while for frozen cuts the tariff reaches 100%. Although India opened its market for foreign pork recently, Brazil has not been able to seize the opportunity because of high import duty. Furthermore, the complex system of obtaining import licenses for both types of proteins makes the process slow and costly,” she highlighted.
Brazil commenced its first shipment of chicken to India in 2019. India imported 33 tons of meat last year. The import of meat and poultry products in the country is estimated to grow at 7% this year. However, the increase in Brazilian meat exports to India will be subject to import duty charges.