On March 1, a memorandum of cooperation was signed (“MOC HUB Logístico”) between Tecon-Suape and the Argentine Agency for Investment and International Trade, which places the Port of Suape as the official port in the flow of goods that originate in – or are shipped to – the northeast of Brazil. With this agreement, Pernambuco will directly absorb all the Argentine cargo bound for the northeastern region, collecting the nationalization taxes. Currently, this imported volume enters in the south and reaches the region via highways. In addition to reducing logistical costs by using maritime transport to access the northeastern market, Argentine companies will have access to reduced tariffs and tax incentives from the state government. The Economic Development Secretary, Geraldo Julio, who led the state government’s meeting with the Argentine government, highlighted the mutual gains of this new commercial relationship. “The Port of Suape has the profile of being a regional pole in the movement of cargo to the Northeast and needed this boost to really take on the position of a warehouse in international commercial relations”, he highlighted.
Source: Datamar News