On the costs of time for the competitiveness of the Brazilian industry: diagnosis and synthesis of the economic impacts of trade facilitation in Brazil
DOI:
https://doi.org/10.1590/0101-41614844lfrKeywords:
Trade Facilitation, Industry, General EquilibriumAbstract
This article evaluates the importance of delays at customs for the competitiveness of the transformation
industry in Brazil. Based on recent estimations of one-day costs of delays for trade as
well as in databases of the World Bank and GTAP (Global Trade Analysis Project) it reveals the
magnitude of the time barriers under its ad valorem equivalent form. Next, through general
equilibrium simulations, this paper estimates the impacts of streamlining customs procedures
over the performance of the transformation industry in Brazil, under different scenarios. Simulation
results highlight the strategic character of trade facilitation reforms for the Brazilian
economy, particularly for its transformation industry, and the priority of its inclusion as a relevant
topic in the long-term growth national agenda.
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