PORTS TO BOOST REVENUES BY BRL 3 TRILLION OVER THE NEXT DECADE WITH NEW REGULATIONS

Brazilian ports’ new regulatory framework, given to the Chamber of Deputies as a draft bill, intends to reform and improve the sector. The plan, supported by Chamber of Deputies president Arthur Lira and a Commission of Jurists, changes 2013 legislation to attract investments, eliminate bureaucracy, and boost efficiency. Emphasizing the measure’s economic potential, the Brazilian Association of Port Terminals, which stands for 245 terminals totaling 19% of GDP and 76% of port processing, The new regulation promotes strategic area integration, decentralization, and autonomy for regional authorities. It also addresses professional certification and labor improvements. Studies indicate that modernizing Brazil might increase its maritime trade and economic growth by around BRL 3 trillion in the next decade.
Source: Exame (*Translated by Ia Niani)