New decree could stunt new Brazilian development
Antaq, the Brazilian authority overseeing ports, has put forward a proposal that would fundamentally change legislation governing how private terminals handle third-party traffic.
Under an existing decree, the need for privately-owned terminals to prove that they predominantly handle their own traffic and that third party traffic is a subsidiary operation had effectively been waived.
Under proposed changes, even those terminals where permission has been granted to expand existing installations will now have to produce evidence that shows third party traffic does not constitute the main business of the operator.
Entrepreneurs that have already been given permission to expand terminals have greeted the change with horror and have questioned the legality of such a ruling.