Brazil experts want Southern Cone waterways regulator

Thursday, December 7, 2017

A group of Brazilian experts is calling for the creation of an agency to regulate waterways activity in the Southern Cone.

The group headed by Brazil's engineering institute IE will deliver its proposal to all candidates that will run in the presidential elections in October 2018.

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"We want the waterway model to no longer be treated as a bureaucratic issue by governments and to draw attention to the fact that it makes products more competitive, it reduces the cost of logistics. An international authority in this area can provide stability for rules, modernizing the regime," local business daily Valor reported Rubens Barbosa, president of the Institute of International Relations and Foreign Trade (IRICE), as saying.

According to Barbosa, waterway transportation model can reduce freight costs for grains and iron ore up to 60%.