• Categories
  • Archives

End of Chinese Export Taxes on Textiles Worries Brazil

The Chinese government’s decision eliminating export taxes on 17 categories of textile products, beginning on August 11, may make things even more difficult for the Brazilian textile industry.

Brazil’s textile industry was already in trouble in consequence of the end of Chinas’s export quota, as of December, 2004, determined by the rules of the World Trade Organization.


According to the executive secretary of the Ministry of Development, Ivan Ramalho, in a talk he gave at the Brazilian Institute of Rio de Janeiro Financial Executives (Ibef/RJ), the elimination of these taxes makes Chinese products more competitive and increases China’s chances of participation in world import markets.


Ramalho emphasized that there is considerable concern in the textile and clothing sector in Brazil, not just because of foreign competition, but also due to the fact that Brazilian imports are growing.


In Brazil’s trade with China, this growth is significant in some areas of textile imports, which are important for Brazil’s production. Consequently, the sector is asking the Brazilian government to regulate official protection.


In the first half of this year, Brazil imported US$ 163 million in textiles. 22.2% of Brazil’s imports from China. US$ 36 million in shoes were imported from China (71.3% of the total).


The Brazilian trade surplus for the period amounted to US$ 437 million, 69% less than the US$ 1.409 billion trade surplus registered in the same period last year.


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Your email address will not be published.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

The Brazilian Experience

Since 1990, Brazil has been made into a laboratory for disastrous economic recipes that ...

What to Plant in Tobacco Fields? Brazil Wants Suggestions.

In his presentation, Monday, January 30, of the Support Program to Diversify the Production ...

Naming Your Pet in Brazil Might Get You in Trouble with the Law

A Brazilian legislator proposed a law to make it a crime to give Brazilian ...

I Don’t Vote in Brazil and I’m Proud of It

Democracy is beautiful, isn’t it true? Too bad that something as dirty as elections ...

Maternal Mortality Still Too High in Brazil: 74 Deaths Per 1,000 Births

In 2002, the infant mortality rate in Brazil was 25.1 deaths before the age ...

Despite Bad Weather Paraná Keeps Title as Brazil’s Top Grain Producer

The state of Paraná, in the south of Brazil, should continue to lead national ...

Brazil Brings Heavyweights to Davos to Lure Investors

On January 29, around 100 European, American, and Asian investors will attend a meeting ...

Cheap Dollar Makes Electronics Imports Grow 36% in Brazil

A study by the National Association of Manufacturers of Electronic Products (Eletros) shows that ...

Second Killer of US Nun Arrested in Brazil

Brazil’s Federal Police arrested, today, Clodoaldo Carlos Batista, suspected of being the second killer ...