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Brazil Issues First Foreign Trade Regulatory Agenda

Brazil has issued its first foreign trade regulatory agenda identifying a total of 70 regulations that should be prioritised through the end of 2019 for review, amendment, update or repeal, as well as areas where new regulations are necessary. The goal of this unprecedented effort is to assist in the identification and organisation of strategic issues that will be monitored by agencies with regulatory oversight.

The Foreign Trade Chamber (CAMEX) recently issued Brazil’s first foreign trade regulatory agenda. The goal of this unprecedented effort is to assist in the identification and organisation of strategic issues that will be monitored by agencies with regulatory oversight as well as by CAMEX’s Executive Secretariat through the end of 2019. This initiative also aims to enhance the transparency and predictability of Brazil’s foreign trade because it will make public the priority actions pursued by regulators and will enable companies to monitor and participate in these actions. 

Among other things, the foreign trade regulatory agenda for 2018-2019 identifies a total of 70 regulations classified into eight separate areas, including laws, decrees and regulatory acts, that should be prioritised for review, amendment, update or repeal, as well as areas where new regulations are necessary. CAMEX indicates that the foreign trade regulatory agenda is both in line with the guidelines issued by the Organisation for Economic Co-operation and Development Regulatory Policy Committee and based on OECD recommendations that countries should make a commitment at the highest level to adopt regulatory quality policies for the government as a whole. In addition, the agenda will serve as a catalyst for regulatory priorities in foreign trade matters, helping public agencies review their stocks of regulations.

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