25 May 2018
Brazilian Congress Approves Customs Co-operation Agreement with Mainland China
The Brazilian Senate approved on 10 May the bi-lateral customs co-operation agreement that Brazil and mainland China signed in 2012. The main objective of the deal is to promote collaboration between the customs administrations of both countries to ensure the correct application of regulatory requirements, enhance the security of the international logistics chain, and prevent, investigate and prosecute illegal activities. Among other things, the agreement allows for the exchange of customs information particularly in cases involving potential substantial damage to the economy, public health, the security of the international logistics chain and other vital interests of the two countries.
Brazilian officials indicate that the exchange of information for customs purposes has become increasingly intense and justified in the context of globalisation and trade facilitation, as it strengthens customs risk management systems and enhances procedural efficiency. This agreement is especially important for Brazil because mainland China is currently its largest trading partner, accounting for approximately 22 percent of total exports and 18 percent of total imports last year.