The Brazilian Meat Scandal Threatens The Country's Economy

Video: The Brazilian Meat Scandal Threatens The Country's Economy

Video: The Brazilian Meat Scandal Threatens The Country's Economy
Video: Brazil's meat industry gets grilling from EU 2024, November
The Brazilian Meat Scandal Threatens The Country's Economy
The Brazilian Meat Scandal Threatens The Country's Economy
Anonim

Three more processing companies are shutting down after a crisis was announced in Brazil over meat sold abroad. The world's largest exporter of beef is severely affected.

The scandal began after Brazilian authorities announced that they were launching an investigation into the production and sale of meat. There were suspicions that low-quality products and even spoiled meat were being exported to foreign countries.

As a result, dozens of countries have stopped importing Brazilian meat and this hit the country's economy.

The first restrictions were imposed by the member states of the European Union. However, the government hopes the order will be overturned and many countries will soon follow the example of China, which has already lifted the ban.

An EU food safety expert says he is working to restore imports and wants to help Brazil overcome the scandal by restoring its position in the European market, Reuters reports.

This is not about the ban. It is about restoring people's trust and health. It's about trust in trade, says Vitianis Andryukaitis.

Brazilian meat
Brazilian meat

Brazil's processing sector employs 7 million people and accounts for 15% of the Brazilian economy. The country is facing $ 3.5 billion in losses if it does not recover its meat exports.

Most countries, such as Mexico, South Korea and Chile, which are the largest consumers of Brazilian meat, say they will not lift the ban until the authorities provide clear evidence and assurances that they are supplying quality products.

In Mexico, in addition to beef, the import of pork, chicken and eggs is also banned. The import of chicken is also banned in South Korea until its quality is guaranteed.

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