Paraguay Retaliates Against Brazilian Tariffs

Paraguayan capital Asuncion The Paraguayan government announced that it will apply tariff related measures on imports from Argentina and Brazil to protect local industry. Paraguay's Finance minister Dionisio Borda argues that the treatment will be similar to that from the senior Mercosur partners.

In a long interview with the Sunday edition of ABC Color Mr. Borda alleged Argentina and Brazil have set up a whole network of barriers to Paraguayan goods which is also contrary to Mercosur.

"We're going to establish the same measures they apply on us," added Borda who nevertheless said the measures would be transitory and are contemplated in Paraguay's stimulus plan.

The decision follows on the campaign "Buy national products" which is being sponsored by the Paraguayan government that also demands 70% of Paraguayan goods and services from suppliers.

"We want to support domestic industry, and jobs and avoid any risks of temporary redundancies," said Borda who added the package would be announced sometime late this week on his return from Portugal where all Latinamerican Finance ministers and Central Bank presidents are meeting ahead of the G20 London summit.

Paraguayan industry has been claiming for a long time for some protection measures for the domestic market since local goods face barriers when trying to have access to the Argentine and Brazilian markets.

Apparently all sales of home hygiene and cleansing products must pay over 48% export tax in Argentina and with textiles a previous export certificate is needed before the operation can go ahead, according to Paraguayan industrialists.

Borda admitted the first consequences of the global slowdown have begun to reach Paraguay and called on all political parties to support the stimulus plan officially known as "economic recovery program," and please not to call it the "anti-crisis program."

Mercopress

Tags:

You May Also Like

Brazil and Neighbors at Triple Frontier Mad at Oscar-Winning Bigelow Latest Movie

Brazil, Argentina, Paraguay, they are all angry with Oscar-winning director Kathryn Bigelow’s latest project, ...

Who Sabotaged the Brazilian Rocket?

Brazilian authorities say they are not dismissing the possibility that the accident that killed ...

Brazil: A Family for Each Street Kid

British Mick Pease is pushing the boundaries of childcare in Brazil. Says he, "The ...

Analysts See Lower Brazilian GDP

The decline in business investments, in Brazil, in consequence of high market interest rates, ...

Impunity in Brazil: 1,349 Rural Workers Killed and Only 15 Convictions

The final report of Brazil’s Joint Parliamentary Investigatory Commission (CPMI) on the Land points ...

Nigeria’s Debt Forgiveness Made Official by Brazil

Brazil will receive only US$ 67.3 million of the US$ 150.4 million owed to ...

Brazil Petrobras Counters Bad News Announcing It Ranks 8th in the World in Added Value

In the wake of the controversy indicating that Petrobras had found 30% of its ...

Chirac in Brazil for Scientific and Social Cooperation Accords with France

President Luiz Inácio Lula da Silva will meet with the President of France, Jacques ...

All I Need to Feel at Home in Brazil Is a Face Overhaul

Here in Brazil, I see so many natural looking, attractive, fit people. So, I ...

Brazil Makes the Case That It Can Expand Ethanol and Keep Its Forests

The president of Brazil, Luiz Inácio Lula da Silva is going to present on ...