• Document was signed by ministers Marcos Pereira and Francisco Cabrera

• Digital Certificate of Origin Pilot Project (COD) will also decrease time to obtain the document up to three days for about 30 minutes

Buenos Aires (August 2) - The Marcos Pereira and Francisco Cabrera ministers signed on Tuesday, a Joint Declaration between the Ministry of Industry, Brazil's Foreign Trade and Services and the Ministry of Production of Argentina, guiding the technical areas of countries to continue the Digital Certificate of Origin of the Pilot Project (COD). In assessing the Minister Marcos Pereira, the certificate of origin is digital economy costs of at least 35% in issuing the document, "as it reduces logistics costs," he said.

The aim is to deepen bilateral trade and promote integration between Brazil and Argentina. Innovation must also generate time savings: Currently, the certificate takes up to 24 hours, reaching up to three days when the issuer is not located in the city of the requesting company. "The expectation is that the electronic emission of COD reduce the time to 30 minutes," noted Marcos Pereira.

The minister Francisco Cabrera, the simplification of procedures helps to strengthen trade potential of Argentine companies. It also highlights the interest in moving forward to build a joint agenda between Brazil and Argentina. "The government of the production plan for job creation has among its pillars simplifying bureaucracy and intelligent insertion in the world. This process with Brazil is in line with both objectives, "said Cabrera.

The Secretary of Foreign Trade, Daniel Godinho, and the Secretary of Commerce of Argentina, Miguel Braun signed Technical Memorandum of Understanding that will allow the acceptance of electronic signatures between governments.

COD

The digital certificate of origin is the electronic document that certifies the origin of the goods, digitally signed by the exporter and the authorized official of the issuing entity authorized by the MDIC. The COD meets strict safety standards, giving greater reliability to the business transaction. It is an innovative instrument, and Brazil and Argentina will be the first countries to adopt the mechanism.

Cooperation Agreement on Trade Facilitation

Ministers Marcos Pereira and Francisco Cabrera also signed the Cooperation Agreement on Trade Facilitation between Brazil, Argentina and the Inter-American Development Bank (IDB). The agreement provides for the exchange of technical information and experience in the development of single windows foreign trade, harmonization and simplification of processes and data requirements, coordination of the actions of agents involved in foreign trade and in promoting transparency in bilateral trade relations .

Still on the agenda in Buenos Aires, Marcos Pereira met with Marcelo Elizondo, Felix Peña, Dante Sica and Miguel Angel Broda, experts in economics, regional and political integration.

 

bilateral trade

From January to July 2016 the bilateral trade between Brazil and Argentina amounted to US $ 12.5 billion. The neighboring country figure as the third largest trading partner of Brazil, behind only China and the United States.

In the period, Brazilian exports to Argentina fell 1.8% over the first seven months of 2015 from US $ 7.6 billion to $ 7.5 billion. Argentina's share in Brazilian exports in 2016 is 7%.

In the year, Brazil recorded a surplus of US $ 2.5 billion. Brazilian exports to Argentina are as follows by aggregate factor: 93.5% of manufactured goods, 3.2% of commodities and semi-manufactured 3%. The composition of imports, on the other hand, was 75% of manufactured goods, 21.6% of basic goods and 3.4% of semi-manufactured goods.

In 2015, trade between Brazil and Argentina totaled $ 23 billion, with exports of US $ 12.8 billion and imports of US $ 10.2 billion, resulting in a surplus for Brazil of $ 2 5 billion.

The main products exported by Brazil in 2015 were passenger cars (19.9%); parts and accessories for motor vehicles and tractors (9.6%); cargo vehicles (6.1%); engines for motor vehicles and parts (3.1%); polymers of ethylene, propylene and styrene (2.8%).

Among the main imported products included: passenger cars (18.9%); cargo vehicles (17.7%); Wheat grain (9.1%);parts and accessories for motor vehicles and tractors (4.6%); polymers of ethylene, propylene and styrene (3%). The trade in the automotive sector, taken together, accounted for about 50% of bilateral trade.