Economy 07-08-2018

Brazil creates a business coalition to facilitate its exports

The Brazilian industry portal announced the creation of the 'Business Coalition for the Facilitation of Trade and Barriers' (CBF).

"The focus of the coalition will be to work not only on the known challenges through the facilitation agenda, but also to act proactively to break down the barriers that impede our access to foreign trade," said the president of the CBF, Fernando Pimentel.

This training is an initiative of the National Confederation of Industry (CNI) in partnership with other federations and industry groups in Brazil.

During the presentation of the proposal, the identification of 20 trade barriers in Brazilian exports, 17 of them belonging to G20 member countries, was already disclosed.

According to a study by the Getulio Vargas Foundation (FGV), if you consider the technical barriers and sanitary measures, the country loses 14% of its exports annually, which meant a loss of 30,500 million dollars in 2017 alone, for example.

In addition to working on barriers, another objective of the coalition is to reduce the times and costs in the internal import and export processes.

An agreement of understanding for trade facilitation was also signed by the Ministry of Industry, Trade and Services (MDIC), the Global Alliance for Trade Facilitation together with the National Institute of Metrology, Quality and Technology (Inmetro).

The document foresees that the Global Alliance For Trade Facilitation will supply the MDIC and Inmetro with both training and technical consultancy, as well as sharing expertise in practices related to trade facilitation.

Sputnik

 
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