Bioceanic corridor set to double trade between Brazil and Chile

During the Brazil-Chile Forum in Brasilia, Brazil’s Planning and Budget Minister Simone Nassar Tebet emphasised the transformative impact the future Bioceanic Corridor could have on regional commerce.

Speaking alongside Chilean President Gabriel Boric, she stated that the new land route, set to connect the Atlantic and Pacific Oceans through Brazil, Paraguay, and Chile, has the potential to double trade flows between Brazil and Chile once it becomes operational in 2026.

One of the tangible benefits of the corridor will be significantly lower transportation costs. For example, Brazilian beef exported to Chile could see a price drop of up to 24 per cent, while Chilean seafood arriving in Brazil is also expected to become more affordable thanks to more efficient logistics, as reported by Brasil 247, a partner of TV BRICS.

In addition, the corridor is expected to stimulate tourism across the continent. Carlos Henrique Sobral, National Secretary of Infrastructure, Credit, and Investment at the Ministry of Tourism, underlined the route’s importance for boosting travel across major South American destinations.

The new connection will make it easier for tourists to explore iconic regions such as Brazil’s Pantanal, Paraguay’s Chaco, Argentina’s Patagonia, and Chile’s Andes Mountains.

Photo: iStock