Economia e Emprego

Foreign Trade Portal May Generate Up to R$ 50 Billion in Savings for Brazilian Companies

publicado: 07/07/2014 21h53, última modificação: 23/12/2017 09h05

Rio de Janeiro (7 July 2014) – The Brazilian federal government’s newly-created Unified Foreign Trade Portalmay generate annual savings of up to R$ 50 billion for import/export companies in Brazil. The portal expedites and simplifies purchases and sales of imported/exported goods.

“The Unified Portal aims at greatly facilitating the import and export process in Brazil,” said Ricardo Schaefer, Deputy Minister of Development, Industry and Foreign Trade, during a press conference today at the João Saldanha Open Media Centre in Rio de Janeiro.

The Unified Portal was launched as part of a group of policies implemented over more than a decade, known as Greater Brazil Plan, that aim to increase the competitiveness of Brazilian companies, explained the Deputy Minister. The Plan is divided into three lines of action: cost reduction; technological development, domestic market defense and support to production chains; and export promotion and trade defense.

Coordinated by Brazil’s Foreign Trade Secretariat (Secex) and Federal Revenue Service (RFB), the Unified Portal allows companies to submit information only once to all federal agencies, reducing bureaucracy and costs for exporters and importers. The end goal is to reduce export times from 13 to 8 days and import times from 17 to 10 days. The Portal also aims to increase transparency by allowing companies to monitor the progress of their operations in detail over the Internet.

According to the Doing Business study conducted by the World Bank, an export of a containerized good in Brazil takes on average 13 days to complete. An import of the same type of product requires 17 days. Additionally, it costs US$ 2,215 on average to export a container from Brazil (excluding taxes), while for imports the same costs add up to about US$ 2,275. The numbers puts Brazil in 124th in the Doing Business trading across bordersranking.

With the Unified Foreign Trade Portal, the goal is to have export times from Brazil reduced by 38.5 percent to a maximum of 8 days, in line with global best practices, by 2017. As for imports, the aim is for average terms to be reduced to 10 days, a 40 percent decrease from current levels, by 2017. As a result of the time reductions and consequent money savings, by 2017 Brazil intends to figure among the 70 best countries in the world for foreign trade.

According to a benchmark study on the subject (Hummels, David. Time as a Trade Barrier, 2011), each day cut from the period between an exported good’s departure from the country of origin and its subsequent delivery to the importer generates a savings equivalent, on average, to 0.8 percent of the value of that good. Thus, using Brazil's 2013 trade flows as a reference, the expected deadline reductions have the potential to generate US$ 23 billion in savings for Brazilian exporters and importers.

Another initiative by the federal government to increase competitiveness in the foreign market was last week’s launch of Brazil Export - Trade and Investment Guide, an informational website that consolidates data on how to discover new partners, diversify exports and capture foreign investments.

The Guide follows the international trend of consolidating initiatives from multiple agencies into a single electronic environment. It is available in Portuguese, English and Spanish and content specifically tailored for national and foreign audiences. The website gathers together information from Brazil’s Ministries of Development, Industry and Foreign Trade (MDIC), Foreign Affairs (MRE) and Agriculture, Livestock and Food Supply (MAPA), as well as the Brazilian Agency for the Promotion of Exports and Investments (Apex-Brasil).

During the press conference, Deputy Minister Schaefer also highlighted the importance of the 2014 FIFA World Cup Brazil as a business relationship platform and in the improvement of Brazil´s image abroad. “When we talk about the success of the 2014 World Cup, an absolutely crucial factor is the improvement of Brazil’s image as a country that can organize an event of this magnitude with quality,” said Deputy Minister Schaefer.

He also emphasized that Apex-Brasil’s World Cup Project has encouraged important investment decisions and is expected to increase exports and investments in the country by R$ 6 billion.

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