Brazil wants to end 42 years of bilateral shipping agreements with Chile

Recently, the Brazil Foreign Trade Committee (Chamber of Foreign Trade, CAMEX) decided not to renew the agreement, and allow the suspension of any flag ships engaged in maritime trade between the two countries, to enhance maritime transport competition between Brazil and Chile, to reduce the transportation cost.

This means that as long as 42 years of bilateral agreements on maritime transport is coming to an end. 

The Brazil National Industry Federation CNI said, affected by the latest decision, the agreement expires in 2020 and the cost of maritime transport between Brazil and Chile will reduce the maritime transport power between 5%. Brazil and Chile once released, Maersk announced the acquisition of Chinese Fort South America and has CSAV with Hapag Lloyd will no longer be maritime transport between the state of the two exclusive rights in South America, the future will influence the container business. 

In addition, Brazil and Chile due to lack of ships car and paper goods transportation, Brazil Foreign Trade Commission will be exempted from the valid and cargo ship by ship one month to one year. Therefore, the new decision and has little impact on the two transportation field. However, the Brazil National Federation of industry foreign trade manager Diego Bonomo believes that this is only the Brazil Foreign Trade Commission decision. If implemented, the Brazil Ministry of Foreign Affairs shall be issued by the relevant documents to inform stakeholders in 2020, made it clear that it will not renew the bilateral agreement on maritime transport. Otherwise it may be Brazil's ruling government overturned. He also said: "we need more laws On the basis of"