Brazil Working to Significantly Reduce Red Tape on Export Transactions
28 April 2017
The Brazilian government recently launched a new process for export transactions carried out through Brazil’s single window for international trade operations. This initiative will allow exporters to take advantage of simplified export procedures, eliminating certain documentary requirements and reducing the overall administrative burden. According to Brazilian authorities, some five million export operations carried out by more than 25,500 companies each year are expected to benefit from this effort.
The first phase of this initiative will cover goods under the oversight of the Brazilian Federal Revenue Service (Receita Federal) that are shipped by air through the airports of GuarulhosSP, ViracoposSP, GaleãoRJ and ConfinsMG. This initial action is expected to simplify the clearance of high value-added goods that last year amounted to nearly US$6 billion in exports, or 55.7 percent of all air shipments by Brazilian exporters. Goods exported through other airports, as well as goods shipped through the maritime, land, river and rail modes, will be added to the new system over the course of this year.
Once the new system is fully operational, it will reduce the time required to process an export transaction by an average of 40 percent. The goal of the Brazilian government is to reduce the time required to process exports from 13 to eight days and the time required to process imports from 17 to ten days.
- Central & South America