Brazil Unhappy with Argentina’s Policy on External Tariffs

According to Brazil, the decision by Argentina to maintain a list of exclusions from the common external tariff (CET) could complicate negotiations for the upcoming ministerial meeting of the Doha Round of the World Trade Organization (WTO).

The meeting is scheduled to take place in Hong Kong, in December.

This is the view of the executive secretary of Brazil’s Foreign Trade Chamber (Camex), Mário Mugnaine, after a meeting Thursday, October 27. Last week Argentina announced its decision not to adhere to the policy of equal tariffs for capital goods and computerware. The policy is supposed to go into effect at the end of this year.

"We have to go through a mental exercise on how we are going to work together in the WTO," the secretary reflected, referring to the fact that the tariff negotiations in Hong Kong are carried out collectively, among blocs.

Mercosur resolutions 3403 and 3303 allow for lists of exclusions for 100 products in the Brazilian and Argentinean capital goods, computerware, and telecommunications sectors. They also determine that the two countries will suspend the lists and adopt a common tariff by the end of this year.

Mugnaine said that Brazil will wait for the meeting of the Common Market Group, set for November 23, in Montevideo (Uruguay), to respond to the Argentinean position.

But, if Brazil accepts postponing the deadline for tariff parity, it will propose an offsetting measure, such as a gradual reduction.

"We are absorbing this communication, and we shall evidently have to show up with plan A, B, or C. The present situation obliges us to comprehend Argentina’s recovery, but this does not mean that the demand placed on the table has been approved," he went on to say.

Agência Brasil

Tags:

Ads

You May Also Like

Half of Brazil’s Corporate Shares Are Bought by Foreigners, Mainly from the EU

Foreign investors were responsible for 45-50% of the transactions effectuated to acquire shares of ...

Organic Global Community Gathers in Brazil for BioFach Latin America

Organic products from 12 countries will be presented by 300 exhibitors during the BioFach ...

Russia, Brazil’s Largest Beef Importer, Extends Ban to 9 States

Russia has banned beef imports from nine Brazilian states because of growing concerns about ...

Brazilian President Blames US Financial Crisis on Obama’s Lack of Political Will

For Dilma Rousseff, the president of Brazil, the financial crisis in the United States, ...

Oil Bomb May Explode Another Presidency in Bolivia

Bolivian President Carlos Mesa faces further political turmoil. To the dissatisfaction of multinational energy ...

Brazil and 17 Countries Unite to Get Better Prices for AIDS Drugs

After three days of debates last week in BrasÀ­lia, the capital  of Brazil, governmental ...

Brazilian President to Bring WTO Impasse to Meeting with Blair

The agenda of Brazilian President Luiz Inácio Lula da Silva’s state visit to the ...

Top Lula Adviser Accused by Brazilian Congressman of Taking Bribe

Latin American shares were mixed on the session, as U.S. stocks firmed somewhat. Brazilian ...

Brazil Auto Sales Grew 10% in the First Semester

In June, the Brazilian automobile industry sold 148,491 vehicles, 3.9% more than in May, ...