The Foreign Trade Secretariat of the Ministry of Economy (SECEX / ME) unified regulations on allocating and controlling the use of export quotas granted by other countries to Brazil. These instruments make it possible for certain quantities or amounts established for the sale of Brazilian products abroad to receive tariff benefits when entering the export destination markets. The measure is expressed in Ordinance No. 72 published on December 21st in the Federal Register. SECEX’s ordinance includes the regulation of eight export quotas: beef (Hilton Quota), chicken meat, and sugar to the European Union; vehicles for Colombia, Argentina, and Paraguay; and quotas administered under the Mercosur-Israel and Mercosur-Colombia agreements. According to Foreign Trade Secretary, Lucas Ferraz, Brazilian exporters now have rules that are more accessible, transparent, and capable of transmitting greater legal security in their operations. SECEX data shows that export quotas enabled Brazilian foreign sales of over US$ 753 million in 2020.
Source: Datamar News