Brazil Starts Curb on Chinese Textiles

An agreement which limits the export of some Chinese textile products to Brazil goes into effect this Monday, April 3. 

According to the secretary of Trade at the Brazilian Ministry of Development, Armando Meziat, "There is no tension in the relations between China and Brazil because of the agreement."

Under the terms of the agreement, importers will have to receive prior authorization (in the form of non-automatic licenses) from the Brazilian government to close deals with Chinese exporters.

Meanwhile, the Brazilian government is drawing up a list of other products that are seen as threatened by Chinese imports, such as bicycle gears, hair brushes, sun glasses and others, which will be negotiated with China in the future.

Meziat says the key to success in dealing with such trade problems is negotiations. "Before we adopt safeguards, we make preliminary consultations," he explained.

ABr

Tags:

You May Also Like

Brazil: Too Tense for Comfort

Several moderate politicians and the press have criticized the overly lenient attitude of Brazilian ...

Majority of Brazilians Say No to Lula’s Social Programs

For the first time since taking office in January 2003, an Ibope opinion poll ...

Brazil Top Economic Authorities Deny Country Is in a Recession

Brazil is far from stagflation, central bank chief Alexandre Tombini said, forecasting the economy ...

Editorial Applauds Brazil’s Rejection of US Money for AIDS

Brazil’s rejection of US$ 40 million in US AIDS grants because of a Bush ...

Interest Hike Depresses Brazilian Stocks

Latin American shares were mostly mixed on the session, as traders were hesitant to ...

Brazil Breaks International Kid Porn Network on the Internet

The Coordinator of the Information Security Committee, of Brazil’s Ministry of Justice, Jorilson Rodrigues, ...

Fed Chief’s Comments Scare Off Brazilian Investors

Brazilian stocks retreated on concerns that the U.S. Federal Reserve’s interest-rate hiking cycle will ...

February 1995

CONTENTS: Cover story: The Cardoso era starts (p. 8) Weber is king (p. 11) ...

Brazil Survey Shows Bad Economy But Not-Too-Bad Personal Finances

The results of the 18th Consumer Expectations Survey were released yesterday by the Getúlio ...

Samba in the Kitchen

She has charmed the President of Brazil and Michael Jackson with her cooking. Hollywood ...