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October 1, 2024
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Simplification of imports will result in savings of R$40 billion per year

Commodity devaluation causes trade surplus to decline in August

Scheduled to begin on October 1st, the simplification of imports provided by the migration of operations to Single Foreign Trade Portal will provide savings of R$40 billion per year to companies. The information was released this Monday (30) by the Secretary of Foreign Trade of the Ministry of Development, Industry, Commerce and Services (Mdic), Tatiana Prazeres.Simplification of imports will result in savings of R$40 billion per year

The ministry calculates that the gain in competitiveness and the reduction in bureaucracy should add US$130 billion to the Brazilian economy by 2040. The Single Portal replaces Siscomex, a Brazilian foreign trade registration system in operation since 1993.

Opened in 2014, the platform reduces document requirements, simultaneously executes processes that were carried out in sequence and allows the issuance of flex licenses (in which several commercial operations are authorized by volume of cargo or for fixed periods).

With the portal, instead of filling out several documents, the company will fill out the Single Import Declaration (Duimp).

In the case of exports, migration to the portal with unified declaration began in 2017 and ended in 2018, reducing the average time for releasing goods from 13 to 4.8 days. As for imports, the Duimp pilot project began in 2018. Since then, the average release time for goods arriving in the country has fallen from 17 to nine days.

Although it has been around for six years, Duimp has been used in the testing phase until now. For the Mdic secretary, the total migration of imports from Siscomex to the Single Foreign Trade Portal will generate an additional reduction in time, from nine to five days in the average period for purchasing goods from abroad. The new system will benefit around 50 thousand importers in the country.

“The cost of stopped cargo per day is equivalent to 0.8% of its value. Based on imports of US$242 billion last year and the reduction of operations by four days [de nove para cinco dias]we calculate a gain of around R$40 billion for foreign trade companies [em torno de US$ 8 bilhões]”, explained Tatiana Prazeres.

To reach the calculation of US$ 130 billion gain for the Gross Domestic Product (GDP, sum of goods and services produced), the Secretary of Foreign Trade explained that the Mdic calculated the gain for other sectors of the economy, with the reduction of bureaucracy and reduction of the Brazil cost (production costs).

Phases

The migration of imports to the Single Portal begins this Tuesday (1st) and will last until the end of 2025. From October to December this year, Duimp will be mandatory for maritime imports. From January to July 2025, for cargo arriving by plane. From July to December of next year, for imports across land borders and via the Manaus Free Trade Zone.

According to Mdic, the Single Foreign Trade Portal reduced the number of documents issued per year from 871 thousand to 135 thousand. The single declaration requires the completion of 38 fields, compared to 98 fields in the previous declaration via Siscomex.

“Siscomex became important in the 1990s, when it replaced paper with digital documents. The Single Portal is an evolution that reduces the number of documents, digitizes the service and allows joint inspection [da carga] of Revenue with other bodies”, said the special secretary of the Federal Revenue, Robinson Barreirinhas.

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