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Your email address will not be published.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

Brazil to Start Offering Free Morning After Pill

The aim of the new Brazilian policy of Family Planning, launched yesterday, is to ...

Georgia on My Mind

Georgia’s voice combines the softness and vulnerability of Astrud Gilberto, the passion of Elis ...

Brazil Goes for a Ride on Wall Street’s Bullish Train and Dollar Falls

The São Paulo Stock Exchange (Bovespa) started October with a boom, closing at 62.340 ...

“Moro no Brasil”: Brazil’s Joy and Pain Through Her Music

"Moro no Brasil," (aka "The Sound of Brazil") Finnish director Mika Kaurismaki’s 2500 mile ...

2005 Brought Lowest Inflation in Seven Years to Brazil: 5.69%

The Broad Consumer Price Index (Àndice de Preços ao Consumidor Amplo) (IPCA) closed out ...

Brazil and China Launch Forest and Farm Monitoring Satellite

Today, September 18, will see the launch of the Chinese-Brazilian Earth Resources Satellite CBERS-2B, ...

A Loud Protest Against Too Many Taxes in Brazil

Over 100 institutions representing industry, commerce, services, agriculture, and transportation have launched a campaign ...

Brazil’s Author Paulo Coelho Talks About His Love for Islam

Paulo Coelho, the Brazilian writer who took the world stage with his thundering book ...

Time to Stop Crying and Start Working, Says Brazil’s Lula

“Brazil cannot squander and lose an exceptional opportunity to consolidate itself and rise above ...

The Stangs’ Open Letter and Challenge to Brazil’s President Lula

The murder of our sister Dorothy Stang – martyr, Pará citizen of the year, ...