Brazil's BB & Post Office to offer export services online

Brazil’s Banco do Brasil (BB) signed a contract Wednesday with the country’s federal postal system ECT to sell export services to small- and mid-sized companies via the Internet, the government-controlled bank said in a statement.

The two federally run entities will integrate their databases to speed up shipping of merchandise worth up to US$10,000. BB clients will be able to handle all the orders and bureaucracy over the Internet, the statement said.

BB’s Internet portal for export services already has 1,683 small- and mid-sized exporters and 400 importers registered. In the first half BB clients in this segments carried out US$457mn worth of foreign trade transactions from its website.

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