Rio de Janeiro – Export- and import-related costs to businesses will be cut down by R$ 50 billion (US$ 22.4 billion) in the medium term as a result of the new Single Foreign Trade web portal, launched last May by the Brazilian federal government. The assessment was made by the executive secretary of the Brazilian Ministry of Development, Industry and Foreign Trade, Ricardo Schaefer, during an interview last Monday (7th) at Centro Aberto de Mídia (CAM – Open Media Centre) at the Copacabana Fort in Rio’s south side.
“The Portal is designed to streamline exportation and importation processes, eliminating paperwork and cutting down waiting times for both exports and imports. Based on our calculations, we believe the site will save Brazilian companies R$ 50 billion in the medium term, in line with international community efforts to make foreign trade simpler and easier,” Schaefer said.
*Translated by Gabriel Pomerancblum
