Shopee inks deal with Brazil’s postal service to sell products to Asia

MEXICO CITY – Brazil’s postal service Correios said on Wednesday that it has signed an agreement with Singapore shopping app Shopee to boost exports of Brazilian products to South-east Asian markets.

Shopee, owned by Singapore-based tech giant Sea, signed a memorandum of understanding with Correios, along with the Brazilian Agency for the Promotion of Exports and Investments (ApexBrasil).

The deal aims to help small and medium-sized companies from Brazil export to countries like Indonesia, Malaysia, the Philippines, Singapore, Taiwan, Vietnam and Thailand.

Trade bloc Asean is a key partner for the Brazilian economy, with a trade flow of US$16.6 billion (S$22 billion) in the first half of 2022, up 21.3 per cent compared with the same period in 2021, according to the latest data from ApexBrasil.

The agreement will offer training for companies, as well as “support for strategic…