National Petroleum Agency Establishes New Rules for Foreign Trade

Written by Paulo Nogueira

Published on 10/04/2019 at 01:00

Updated on 09/04/2019 at 16:57

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Resolution Aims to Minimize Barriers to Investment, Reduce Regulatory Costs, Improve Regulatory Quality, and Promote Free Competition, Ensuring Societal Interests.

The Resolution ANP No. 777/2019 published yesterday, April 8, by the National Agency of Petroleum, aims to regulate the foreign trade of biofuels, oil and oil derivatives, and natural gas, replacing the 25 normative acts that regulated the subject. The new resolution establishes a new regulatory framework for the sector, standardizing the authorization requirements for the activity and the administrative handling of import and export license requests.

The new Resolution ANP was created with strategic objectives to update the regulation in order to minimize barriers to investment and reduce regulatory costs, improving regulatory quality through administrative simplification and promoting free competition, with the premise of ensuring societal interests.

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National Petroleum Agency Establishes New Rules for Foreign Trade

Resolution Aims to Minimize Barriers to Investment, Reduce Regulatory Costs, Improve Regulatory Quality, and Promote Free Competition, Ensuring Societal Interests.

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National Petroleum Agency Establishes New Rules for Foreign Trade

Resolution Aims to Minimize Barriers to Investment, Reduce Regulatory Costs, Improve Regulatory Quality, and Promote Free Competition, Ensuring Societal Interests.

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