Free trade agreement boosts exports of wine and olive oil
A new free trade agreement with South American partners is set to boost Portuguese exports of wine and olive oil by reducing tariffs and opening distribution channels. The deal also creates new market access for Portuguese cheese, presenting export opportunities for dairy producers. However, the agreement could put pressure on domestic beef, pork and poultry sectors, which may face increased competition and potential job and price impacts. Policymakers and industry groups will need targeted measures to support vulnerable meat producers while maximising gains for high-value agri-food exporters.
Minister of Agriculture says agreement will have a positive impact on Portugal
José Manuel Fernandes says that, given the geopolitical situation, the agreement is essential and that it offers benefits for many Portuguese products.
Exports from Portuguese-speaking countries to China fall 4% through November
Official data show exports from Portuguese-speaking (Lusophone) countries to China fell 4% in the first 11 months of 2025 compared with the same period in 2024. The decline signals cooling Chinese demand and possible shifts in commodity prices or trade composition that weigh on economies exposed to Chinese markets. Policymakers and exporters will be watching full-year figures and country-level performance for signs of a sustained trend and potential policy or market responses.