Tridge summary
The Bioceanic Highway Corridor, which passes through Mato Grosso do Sul, Paraguay, and Argentina, is set to reduce export costs for Asia by US $ 75 million annually, with potential increases in intra-regional trade. The corridor, expected to be completed in 2023, will connect Brazil to the ports of Chile, providing an alternative trade route to the Atlantic Ocean. The route is expected to benefit Brazil's cellulose and meat exports, and could also facilitate the import of fertilizers and lithium, and improve trade logistics in the region.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The only infrastructure project involving more than two countries in the region, the Bioceanic Highway Corridor will cut exports to Asia in 12 days. In cellulose and meat alone, freight savings are estimated at US $ 75 million per year. In addition, intra-regional trade is expected to increase. The corridor will connect Mato Grosso do Sul to the ports of Chile, passing through Paraguay and Argentina, practically in a straight line. We still need to pave a stretch in Paraguay and build the bridge connecting Porto Murtinho (MS) to Carmelo Peralta, in Paraguayan territory, in addition to completing a road contour on the Brazilian side. It is estimated that everything will be completed in 2023. The data are in the book “Bioceanic Corridor from Mato Grosso do Sul to the Pacific: Production and Trade on the South American Integration Route”, which the Institute for Economic and Applied Research (Ipea) intends to launch tomorrow. Coordinated by the researcher Pedro Silva Barros, the ...
Source: SNA
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