• Categories
  • Archives

Brazil’s Industry Leader Calls for Control on Chinese Imports

The president of the CNI (Confederação Nacional da Indústria – National Confederation of Industry) urged the Brazilian government to implement safeguards against competition from Chinese merchandise that arrives in Brazil much cheaper than the domestic equivalents.

Monteiro affirms that the fact that China “maintains a fixed exchange rate, undervaluing its own currency, is detrimental to other countries’ ability to compete.” In the Brazilian case, according to him, the harm is greatest in the area of textiles and footwear.


A mission from the Ministry of Development, Industry, and Foreign Trade will be in Beijing from the 23rd to the 25th of this month to discuss various trade matters, including the question of footwear, textiles, and bicycle tires.


The Minister of Development will also travel to China at the end of the month to discuss bilateral trade, building on the understandings reached by the mission, which represents the Ministry’s Secretariat of Foreign Trade.


The president of the CNI said that regulation of the safeguards against Chinese imports, by means of three decrees that are under review by the Presidential Advisory Staff, “should have been determined prior to the minister’s trip, but he opted for the more prudent course of delaying the decision.”


A study by the CNI and the Center of Foreign Trade Studies Foundation (Funcex) revealed that Brazil has been losing ground to China in the chief consumer markets for Brazilian exports.


The president of the CNI affirmed that he has already presented his views to the ministers of Finance, Antônio Palocci, and of Development, Luiz Fernando Furlan.


Monteiro said that he criticized “the lack of consultations with the private sector over the negotiations with China.” The CNI also complained of “Brazil’s recognizing China as a market economy.” He claims that this “makes it harder to adopt antidumping measures against Chinese imports.”


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Your email address will not be published.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 Kill Another 15,000 Head of Cattle in Effort to Stop Disease

An additional 15,000 head of cattle will have to be slaughtered to contain an ...

British Petroleum Finally Gets a Piece of Brazil Buying US Devon

The company British Petroleum has agreed to buy Brazilian, Azeri and Gulf of Mexico ...

Brazil Ready to Cut Airfares Up to 80%

Brazil's National Civil Aviation Agency, which controls commercial flights policy in the country, announced ...

Election Campaign Has Started in Brazil. Even Most Corrupt Are Again Candidates

The political season is on in Brazil. Starting Tuesday, is now legal to campaign ...

Brazil’s Munduruku Indians Start a Movement to Save an Amazon Tributary

Greenpeace has joined forces with an Indigenous Amazonian community in an unofficial demarcation of ...

Federal Judge Says No and American Pilots Cannot Leave Brazil

American pilots Joseph Lepore and Jan Paul Paladino cannot leave Brazil as they had ...

For Lula, 2006 Will Bring the Brazil He Dreams Of

In his weekly radio program, "Breakfast with the President," Brazilian President Luiz Inácio Lula ...

Domestic and International Flights Get Slight Increase in Brazil

Brazil saw in April a 3.5% increase in international departures from Brazilian airports when ...

LETTERS

The Brazilian Real was hit by speculators who were betting that Brazil would be ...

Brazil’s Oil Company Petrobras Slightly Reduces Output

Brazil's state-controlled gas and oil multinational Petrobras announced on Friday, December 19, that the ...