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WELLINGTON, March 13 (Xinhua) -- The agriculture ministers of New Zealand and Brazil have agreed to look at lowering trade costs and barriers, including tariffs between the two nations, New Zealand Primary Industries Minister Nathan Guy said Wednesday.
After talks in Brasilia, Guy and Brazilian Agriculture Minister Mendes Ribeiro Filho had directed officials to work towards mutual recognition of accreditation schemes of the two countries' food products, he said in a statement from his office.
Brazil, with a population of 200 million people, had more than 200 million beef cattle and 1.35 million dairy farmers, and produced 33 billion litres of milk annually.
The agricultural potential in Brazil was huge, with potentially millions of hectares waiting for development.
"New Zealand investment in Brazil is estimated to have reached 350 million NZ dollars (288.44 million U.S. dollars), with the majority of this being in the agribusiness sector. While this is a good start, there's amazing potential," said Guy.
He invited Filho to visit New Zealand in order to gain a greater understanding of what New Zealand had to offer Brazil.
March 13, 2013
Source: Xinhua
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