Brazil-UK cooperation fully digitises, automates former's PNCE service

Both sides have been cooperating since 2019 to promote inclusive economic growth in Brazil through the internationalisation of Brazilian micro, small and medium enterprises (MSMEs), according to a joint statement released by Brazil and the United Kingdom on such cooperation.

The cooperation is a result of a memorandum of understanding both sides signed on August 20, 2019, on prosperity fund cooperation on trade facilitation.

The main deliverable of this cooperation is the Global Trade Hub (GTH), or BRAEXP in its Brazilian brand name, a digital marketplace for export services focused on MSMEs and based on the United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) Integrated Services for MSMEs in International Trade (ISMIT) concept, to be fully developed and transferred to Brazilian ownership and operation by March 2023.

The PNCE service allows any Brazilian MSME from any region or sector and with access to the internet to self-assess its export maturity and receive, for free, a tailor-made internationalisation plan with the identification of the export services it needs to consume to access or expand its sales in international markets.

While the service is already available to Brazilian MSMEs, it will be fully integrated into the Global Trade Hub (GTH) once the digital marketplace for export services is transferred to Brazilian ownership and operation and goes online.

The PNCE service and the GTH digital marketplace are based on open source, cloud-ready, and cutting-edge technology as well as on innovative international best practices.

They place Brazil as a leader among emerging economies in the digitisation of foreign trade procedures and trade facilitation, the joint statement added.

Fibre2Fashion News Desk (DS)