The Government of Uruguay understands that caring for the environment is related to obtaining benefits in international trade and finance. The Minister of Economy and Finance, Azucena Arbeleche, by attending the commemoration of Export Day this Tuesday (26.07.2022).
In his speech, according to the press release published on the Uruguayan Presidency's website, Arbeleche said that the world is at a moment in which there is greater awareness of environmental care, sustainability, social factors and governance, which impact the flow of trade and investments at a global level.
On this point, he expressed the need for the carbon footprint to be measured in national companies, as well as the need to consider the conservation and treatment of natural resources.The way countries care for natural resources and diversity will have a major impact on trade, tariff barriers and access to credit."He said.
The official also specified that, due to these characteristics, the financial markets place a special value on Uruguayan credit and on the country. In this regard, she said that when investment funds choose how many bonds and debt securities to place in their portfolio, as well as risk rating agencies, they take into account environmental protection.
Arbeleche recalled that the Environmental and trade policy are intertwined, and exemplified by mentioning that lThe European Union is seeking to link import taxes on products to carbon emissions or deforestation generated by their production.
He also noted that the Budget Law included the concept of internationalizing public finances with environmental policy and that specific measures had been taken to achieve this at the international and national levels.
Finally, he referred to the transition towards a A more resilient economy implies that its costs are studied, and that the paths to be chosen must measure the cost-effectiveness ratio. (Words of the Minister of Economy and Finance, Azucena Arbeleche)
Aduana News foi o primeiro jornal aduaneiro da Argentina a lançar sua versão digital. Com mais de 20 anos de trajetória, suas publicações e iniciativas têm como objetivo oferecer o conhecimento mais relevante sobre temas aduaneiros, contribuindo para a promoção do comércio seguro e da facilitação do comércio na região.
