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Your email address will not be published.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

Johnson Machado’s Vivacious Choro Is the Cat’s Meow

All the new musical talent that abounds in Brazil notwithstanding, it’s not everyday that ...

Export and Domestic Growth Go Together, Says Brazil’s Lula

Brazilian President, Luiz Inácio Lula da Silva, said yesterday that Brazil is about to ...

German Firm Joins Brazil’s CVRD to Build Steel Mill

The Supervisory Board of ThyssenKrupp Steel AG today, December 3, approved plans to conclude ...

Brazil Uses Internet to Monitor Environment Projects Across the Nation

Brazil’s Ministry of Environment has just launched the Agenda 21 System, a technological tool ...

Brazil’s Itaipu to Increase Capacity by 11%

By the beginning of October, the installed capacity of Brazil’s Itaipu hydroelectric complex will increase ...

Brazil Celebrates Record Number of Tourists and Tourism Dollar

Brazil has received about 3.4 million foreign tourists who spent in the country US$ ...

Brazil’s Higher Court Gives Green Light to Amazon’s Hydroelectric Plant

A higher court in Brazil lifted an order that suspended construction of the massive ...

It’s Official: Brazil Won’t Renew IMF Accord

Brazil’s Minister of Finance, Antônio Palocci, informed the International Monetary Fund (IMF) that Brazil ...

Brazil’s Vehicle Sales Down 10%, Industrial Output 3% Down for the Year

 Compared to the same period last year, sales of vehicles in April were down ...

Miniskirt in Brazil School Results in Riot, Expulsion and Federal Action

When 20-year-old Brazilian tourism student Geisy Arruda appeared in college wearing a bright-pink miniskirt ...