The ban on Brazilian seafood exports to the European Union could be lifted before the end of this year, processors trade association ABIPESCA said.

Brazil's seafood exports to the EU have effectively been locked out of the lucrative market since the end of 2017.

"I believe Brazil is ready. It did its homework. "Eduardo Lobo, president of ABIPESCA told IntraFish.

"If Europe shows goodwill towards Brazil, I believe we will end 2021 with the market open to our seafood."

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The Brazilian industry was stung by scathing criticism from EU officials following a visit in September 2017, particularly in relation to inspection of fish catches at Brazil's ports and some of the industry's processing methods.