Auto trade between Brazil and Argentina is expected to increase by R$66.8 billion (US$13 billion) by 2040 due to an agreement under which technical certificates for vehicle safety parts issued here will be recognized and vice versa.
The estimate comes from the Foreign Trade Secretariat (Secex) of the Ministry of Economy.
Reducing bureaucracy and costs must make trade more dynamic and encourage the expansion of assembly plant capacity. In this way, R$29.1 billion more investment is expected in the same period, the government calculates.
"It's as if we were making an [trade] agreement," compared . . .
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