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Brazil Reiterates Commitment to Pursue Trade Liberalisation

Brazilian Minister of Industry, Trade and Services Marcos Pereira declared on 31 May that his government remains committed to pursue a policy of trade liberalisation and further reduce the administrative burdens faced by Brazilian importers and exporters. Mr. Pereira said at a roundtable on trade and openness sponsored by the Forum of Investments Brazil 2017 that he is convinced that trade liberalisation, in conjunction with effective actions designed to increase the competitiveness of Brazilian companies, will play a key role in attracting more and better investment. He added that policies adopted by the Brazilian government in this regard will build the way for Brazilian companies to be effectively integrated into global value chains.

Minister Pereira explained at the roundtable that in order to attract investment it is necessary to provide economic agents with reasonable levels of stability and predictability, which is why structural reforms and fiscal and monetary responsibility are non-negotiable priorities for the Temer administration. International trade is particularly important in this paradigm, including efforts to insert Brazil into the global network of trade agreements and implement an on-line single window for trade operations. At the same time, the government is reformulating and expanding development and promotion programmes for the domestic industry, including the automotive sector, that prioritise increased efficiency, competitiveness and productivity.

Brazilian Ministry of Industry, Trade and Services (MDIC) Executive Secretary Marcos Jorge also recently discussed the progress made to date to reduce and simplify the administrative burdens faced by Brazilian trade operators. One of the first actions of the Working Group on Administrative Simplification (GTSA) since its formation in September 2016 was to seek input from trade operators, companies and industry associations on ways to improve and simplify trade-related and other procedures and internal processes. Input was submitted on such matters as trade remedies, import licences and issuance of digital certificates of origin. Based on this information, MDIC came up with 47 separate administrative simplification measures (some of which have already been implemented) in the areas of international trade, services, industrial development, innovation, metrology, intellectual property and free zones.

Content provided by Picture: HKTDC Research
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