HomeStoresBrazil formalizes its offer at the WTO to open tenders to foreigners

Brazil formalizes its offer at the WTO to open tenders to foreigners

-

The Brazilian Government made official today (03.02.2021/XNUMX/XNUMX) the offer to open public tenders to international companies, by submitting to the World Trade Organization (WTO) a List of bodies, goods and services that may be included in the Government Procurement Agreement (ACP).

Currently, 48 countries are part of the agreement, which grants equal access to public tenders to both national and foreign companies. joint statement, the Ministries of Economy and Foreign Affairs reported that the measure opens the way to a market of US$ 1,7 billion per year and accelerates Brazil's entry into the OECD.

The main change resulting from the agreement is to exempt foreign companies from having a legal representative in Brazil to participate in tenders. The requirement will subsequently be mandatory only for the company that wins the tender. The supplier's documentation will be mutually recognized.

The agreement covers not only the purchase of products, but also services and public works. Thus, a foreign company will be able to compete on equal terms with a national company, from the purchase of office supplies and computer services to civil construction projects.

According to the two ministries, the agreement could result in an increase in Brazilian exports by opening up access for Brazilian companies to tenders from other countries.Adherence to the agreement will promote a reduction in public spending and an improvement in the quality of government goods and services, and will encourage Brazilian exports and foreign investments in the country.", reads the note.

Let us recall that Brazil's proposal to join the ACP had been presented by the Brazilian government at the meeting of the World Economic Forum in Davos (Switzerland), in January 2020.

avatar photo

Aduana News is the first Argentine customs newspaper to launch its digital version. With 20 years of experience, its publications and initiatives aim to provide the most relevant knowledge on customs issues in order to contribute to safe trade in the region.

LAST NEWS