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

Brazil's postal service Correios said on Wednesday it has signed an agreement with Singaporean shopping app Shopee to boost exports of Brazilian products to Southeast Asian markets.

Shopee, owned by Southeast Asian 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 companies from Brazil export to countries like Indonesia, Malaysia, the Philippines, Singapore, Taiwan, Vietnam and Thailand.

The move follows last year's announcement from Shopee that it had opened five new distribution centers in Brazil. The app has become one of the country's most-downloaded e-commerce apps since its launch there in 2019, drawing users to its low-cost marketplace.