Brazil Revokes Import Licensing Requirements for 210 Goods
Brazil recently revoked its automatic and nonautomatic licensing requirements for 210 products with a total “import value” of about $5.6 billion (all dollar amounts in U.S. dollars), the Hong Kong Trade Development Council reported Aug. 24. The move is expected…
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to save importers about $4.1 million in administrative fees, the HKTDC said, and will cut by about 267,000 the number of licenses issued by Brazil’s Secretariat of Foreign Trade. The measure is aimed at reducing government bureaucracy and “further improving the domestic business climate” surrounding trade, the report said.