Brazil and Chile put an end to maritime agreement

The Brazil-Chile Maritime Transport Agreement is due to end on Tuesday (25), the agreement has been in force for 42 years. The agreement will be closed during a meeting of the Federal Government’s Foreign Trade Chamber (Camex).
This is the expectation of the National Confederation of Industry (CNI) and of the more than 3,600 exporting companies and almost 1.2 thousand national importers, who are affected daily by the agreement.
Study of the Getúlio Vargas Foundation (FGV) shows that the freight collected from companies on the Brazil-Chile Chile-Brazil route is 45% more expensive. This is due to the monopoly that the treaty of exclusivity between the two countries created in the route.
The government, through the Institute of Applied Economic Research (Ipea), estimates that the final price of products is, on average, 4.92% higher. “There is no economic justification for keeping this agreement in place,” says CNI Industrial Development Director Carlos Abijaodi.

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