US Taxes Brazilian Shrimp. Brazil Reacts Cheerily.

Brazilian shrimp are subject to a 10.4% surcharge on exports to the United States, in compliance with a decision by the US Department of Commerce. American fishermen were originally asking for a surcharge of approximately 60%.

According to Brazil’s Minister of the Special Secretariat of Aquiculture and Fishing, José Fritsch, despite the harm, the decision represented a victory for Brazilian fishermen.


“Our advantage is that a 55% surtax was imposed on China, and, basically, the shrimp China exports to the United States are medium-sized, similar to Brazilian shrimp,” Fritsch pointed out.


The Minister explained that, during the period in which Brazilian companies were consulted by the United States, Brazil set out to seek other markets.


In his view, this brought positive results for shrimp production in Northeast Brazil. “Now we have the Européan market, which assigns even greater worth to Brazilian shrimp,” he said.


According to information from the Spécial Secretariat of Aquiculture and Fishing, Minister José Fritsch believes that the surtax rate, which is far below what many Brazilian producers expected, is mainly the result of efforts made by the Secretariat, together with the Ministry of Foreign Relations and the Ministry of Development, Industry, and Foreign Trade, to convince the American government that the low production cost of cultivated Brazilian shrimp is chiefly due to favorable environmental conditions and the relatively low cost of labor.


The Secretariat informed that the surcharge will only be contested if Brazilian producers decide to question it.


Translation: David Silberstein
Agência Brasil

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazilian Indians Get Vitamin A to Boost Immunity

Brazil’s National Health Foundation (Funasa) began, April 4, the distribution of capsules containing megadoses ...

Brazil’s Sugar Cane Harvest Grows 5.7% to 440 Million Tons

Brazil should harvest 440 million tons in the next sugar cane crop. The volume ...

Death of a Tragic Jumper

"What saddens me most is the way we forgot João and so many other ...

Market Falls in Brazil Over Interest Rate Worries

Brazilian equities declined on interest rate hike fears. In the U.S., the producer price ...

Stuttering Start

All is not as rosy as financial markets would have us believe. Congress practically ...

A fishery in Brazil

Despite Brazil’s Huge Coast Brazilians Eat Very Little Fish

Fishery products as a source of income and food is the theme of the ...

Brazil: Record Profit at Petrobras and a Little Help from Arab Building Boom

Brazil’s state-controlled oil and gas multinational Petrobras has just announced that it posted a ...

Polls Show Brazil President Winning Reelection in First Round

Dilma Rousseff, the president of Brazil, leads comfortably vote intention according to two public ...

Brazil’s Fair Shows the Latest in War Products from Around the World

Delegations from 65 countries some of them including Defense ministers were in Rio, Brazil, ...

After 11% Growth Last Year Brazil’s Car Industry Sees Another 10% Boost in 2010

New car sales in Brazil could rise 10% this year as Latin America’s largest ...