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The Venezuelan private sector supports biotechnology use and application. Nevertheless, the Venezuelan authority maintains a ban on the domestic use and research of modern biotechnology-derived agriculture.

This report covers food and agricultural import regulations and standards in the United Arab Emirates. U.S. agricultural suppliers are advised to consult with local importers prior to shipping to verify application of these requirements on their products.

This report identifies certificate requirements for U.S. food and agricultural products destined for the United Arab Emirates. This report is to be used in conjunction with the 2024 Food and Agricultural Import Regulations and Standards Country Report for the United Arab Emirates.

FAS estimates Venezuela corn production at 1.36 million metric tons for the new market year (MY) 2024/2025 on a planted area of 350,000 hectares. Significant economic uncertainty persists following the July 28, 2024, presidential election, and higher inflation and a scarcity of U.S. dollars will likely inhibit increased corn acreage and limit yields.

New Zealand has signed a free-trade deal with the United Arab Emirates - the fastest agreement the country has ever reached. After negotiations began in May, the country's trade negotiators concluded the deal in four months.

Since 2014, Venezuela’s total meat consumption has declined 57 percent due to prolonged economic downfall. Nevertheless, since 2019, an improved economic environment has led to stabilized beef production and significant growth in the poultry sector. In 2024, total per capita meat consumption is forecast to be 32.4 kilograms, growing 83 percent from its 2018 record low.

Australia and the United Arab Emirates announced that negotiations on a new trade agreement, the Australia-United Arab Emirates Comprehensive Economic Partnership Agreement, have concluded.

The UAE’s chicken meat production is forecast to grow by 17 percent in 2025, supported by governmental initiatives such as feed subsidies and technological investments. Consumption is expected to rise by 6 percent due to population growth, increased consumer spending, and a thriving tourism sector.

This report outlines market conditions and opportunities for U.S. agricultural exports to expand or enter the Venezuelan market. While the economy stagnated in 2023, Venezuela is the sixth largest South American destination for U.S. agricultural and related product exports.

With a gross domestic product of $536.83 billion and projected growth of 4.2 percent in 2024, the United Arab Emirates (UAE) ranks as the second largest economy in the Arab world, with substantial consumer spending driven by high per capita income.

In calendar year 2023, Venezuelan agricultural imports dropped 8 percent year-on-year to $2.7 billion. By volume, however, agricultural imports increased 4 percent year-on-year owing to a decrease in import prices. Agricultural imports from the United States totaled $675 million, down 9 percent from 2022.

This report identifies the export certification requirements for agricultural and food products. The Venezuelan ministries issue import permits, import licenses, and register processed food products.