Portuguese public postal operator, CTT Correios, has signed a deal with its Brazilian counterpartECT to launch joint mail, express and financial products later this year.
CTT has taken the lead in setting up a working group to study the international mail, expressand money transfer markets with a view to launching new products and services, possibly with thesame branding, in both countries in September.
“The agreement is indicative of the importance of commercial relations and growing migrationbetween the two countries,” CTT said in a statement after the signing of the accord in Lisbon lastweek.
“The dynamism of these markets implies new products, services and brands in the targetsegments, a revision of costs and the negotiation of new margins between the operators with a viewto introducing more competitive prices,” they added.
The agreement, based on a common and jointly-managed “action plan”, is renewable annually forfive years.
