The Brazilian Ministry of Foreign Trade sets agreement to reduce time and costs of Brazilian exports to the USA
Brazil and United States continue to strengthen their commercial ties. On June 29, the Ministry of Industry, Services and Foreign Trade (MDIC) announced that two certification laboratories, Intertek and TUV Rheinland, will expand their activities in Brazil on 2016, reducing time and costs for Brazilian companies interested in exporting to the US.
In order to export to the US, a producer needed to obtain an export certification provided by North-American laboratories. This process required Brazilian producers to send samples of their products to laboratories in the United States and took about 12 months to be concluded, significantly hampering Brazilian exporters interested in sending their products to the US.
The announcement stated that with the new certification laboratory units in Brazil, Brazilian exporters will be able to do the entire process of certification locally. The measure will reduce the period of time spent on the export process to about 90 days and provide an economy of 70% in costs related to this certification to Brazilian exporters, adding extra competitiveness to Brazilian companies in the American market.
Both the Brazilian and American Governments reinforced their intention to continue fostering trade facilitation between both countries and that the next step would be the establishment of a partnership between the Brazilian Ministry of Industry, Services and Foreign Trade (MDIC) and the US. Department of Commerce(DOC) in the development of a “U.S.-Brazil Standards Portal”. The tool would provide useful information on technical standards and regulations, certification requirements and business standards in both countries.
The Brazilian efforts towards a more comprehensive regulatory convergence with the US is in line with the increasing the number of companies interested in exporting to this country. The measure also displays Brazil compromise with improving the country’s economic scenario by supporting policies capable of encouraging Brazilian companies to export.