Economy / Brazil
EU Bans Beef Exports
February 2008 | Ratings UpdateOn February 1 2008 the EU enforced a temporary ban on Brazilian beef imports after concerns were raised about the country's handling of the latest foot-and-mouth outbreak. Prior to this the EU had attempted to agree a partial ban that would have allowed imports from an agreed list of licensed farms that met with EU standards. However this compromise agreement broke down as the European Commission expected Brazil to present a list of around 300 farms but a list of 2,600 was submitted. With Brazil the world's biggest exporter of beef and the EU the country's biggest market, this development is likely to negatively affect Brazil's agricultural export sector.
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