On September 16th, the Brazilian Internal Revenue Service (IRS) finally signed a Mutual Recognition Agreement (MRA) with the US Customs in Washington DC, after seven years of negotiation, making official the partnership between their Authorized Economic Operator (AEO) Programs.
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Companies certified as AEO will be able to export to the US faster and with less bureaucracy. With the signing of the Brazil-US agreement, the Brazilian AEO Program now demonstrates compatibility with C-TPAT (Customs Trade Partnership Against Terrorism), one of the world’s largest certification programs in supply chain security. Customs in both nations recognize businesses that operate in the international supply chain with certified cargo safety and compliance with tax and customs standards. There will be a reduction in the percentage of inspections of Brazilian exports to the US and priority of analysis when these cargoes are selected for verification.