How to Export Goods from India to Brazil

Since 2003, when India and Brazil signed the Preferential Trade Agreement (PTA), the trading between both the countries has been going under a simplified trading policy as Brazil is actually known for its complex tax system. However, the business in Brazil can be taken through with lots of beneficial outcomes due to the fact that the economy of this country has shown solid economic stability over the past decade. 

In the past 10 years, over 35 million Brazilians have been able to transform their lives from poor to middle class. In fact, this country has seen an average growth of 3.4% GDP over the last 4 years. So, doing business with Brazil is definitely a plus point for India to boost its economy.

Is exporting to Brazil can be difficult? Well, nothing is impossible, but you need to have an overview on how the process is to take place while exporting products from India to Brazil…

    

Trade Policy and Regulations

India signed PTA (Preferential Trade Agreement) with Mercosur (Argentina, Paraguay, Uruguay and Brazil) in 2003. Read out the following agreements that were signed between the two nations!

• ·         Complete co-operation in areas like biotechnology, railway and so on
• ·         Peaceful use of outer space
• ·         Promotion of cultural and tourism exchange
• ·         Modernization of intellectual Property Rights
• ·         Keen to become partner with Indian Space Research Organization or ISRO to develop its own ambitious plans under the Brazilian space agency

Process of Trading with Brazil

Like I said, exporting goods from India to Brazil is a complex situation but it is very much possible. Following are the steps that you can go through for knowing the process of doing export-import business with Brazil:

• ·         First and foremost, you need to verify that your goods can legally be exported to Brazil.
• ·         Before shipment, you need to send a Performa invoice to the Brazilian importer.
• ·     Now the Brazilian importer has to request a Import License (LI) from Integrated Foreign Trade System.
• ·      You are required to send the mandatory documents such as certificate of origin, shipping information, commercial invoice and other Documents, if required.
• ·        You have to pay the import duty and the tax on industrial products.
• ·      When the commodities will arrive to Brazil, importer has to prepare the Import Declaration (DI).
• ·      All the documents including DI have to be shown to the Secretariat of Fedral Revenue (SRF).

With this information, I hope you will get understood how you can trade with Brazil!

For more trade statistical reports visit to http://www.indiatradedata.com/what-india-import-export-brazil