The reasons for this decision were not disclosed; The Brazilian Embassy in Caracas is investigating the situation to better understand what is happening
It began charging taxes on products imported from that, contrary to an agreement of economic complementation signed in 2014, which exempted such rates in trade between the two countries. So far, the reasons for this decision, which was not officially communicated to the Brazilian government have not been disclosed.
The Ministries of Foreign Affairs and Development are aware of the difficulties that Brazilian exporters are facing. “The International Business Center of the Federation of Industries of the State of Informs that it has already started internal findings to identify the difficulties regarding the acceptance of Brazilian products certificates by the Venezuelan authorities,” the federation said in a statement.
The Brazilian Embassy in Caracas is investigating the situation to better understand what is happening. The agreement of economic complementation No. 69 prohibits the imposition of import taxes between Brazil and Venezuela.
Brazilian exporters are finding problems with the recognition of their original certificates in Venezuela, which prevents the application of the agreement mentioned. The state of Roraima, which borders Venezuela, is the most impacted, since the neighboring nation is its main commercial partner. The Federation of Industries of the State of Roraima is in contact with the authorities to seek solutions for this situation.
In 2024, trade between Brazil and Venezuela reached the mark of US $ 1.6 billion, and Brazilian exports totaled US $ 1.2 billion, representing 0.4% of the total exported by Brazil. The most exported products include sugars, food and corn, which are essential to the local economy.
Posted by Nátaly Tenório
*Report produced with the aid of AI
