• Categories
  • Archives

To Fight China Brazil Wants to Tax Shoes and Textiles Up to 35%

China footwear Brazil is considering requesting a waiver from Mercosur with the purpose of hiking the common external tariff (AEC) on shoes and textiles from 20 to 35%, if Uruguay refuses to accept the proposal, reports the São Paulo press.

Mercosur decisions must be adopted in consensus by the four country members, (Brazil, Argentina, Uruguay and Paraguay) although the waiver mechanism enables one of the members to adopt an autonomous decision as long as the remaining consent.

Brazil's Planning, Industry and Foreign Trade Minister Miguel Jorge said during a Brazil/Mexico business meeting that President Lula's administration could request a special waiver from Mercosur to up the AEC on foot wear and textiles.

"Paraguay has already accepted to hike the AEC. Uruguay is considering it. But we can apply a waiver during the negotiation process, independently of whether Uruguay accepts it or not", said Jorge, quoted by Brazilian daily O Estado de S. Paulo.

So far the Uruguayan government has not taken a definitive position on the issue. Regarding textiles the Uruguayan government is working out a system of fiscal compensations for its industry and in footwear, even when there's a favorable approach from the Ministry of Industry to hike tariffs, there's fear that the situation could lead to a general increase in the price index.

Brazilian businessmen from the footwear and textiles sectors requested an increase of the AEC to stop the massive influx of Chinese imports. Lula da Silva administration took the proposal to Mercosur country members. Paraguay accepted and Argentina also but suggested that the hike should not be higher than 28%. Last week Brazil's Deputy Development, Industry and Foreign Trade minister Ivan Ramalho visited Uruguay to insist on the issue.

Mercopress

Tags:

  • Show Comments (1)

  • ch.c.

    Ahhhhh….ahhh….ahhhhhh……
    Therefore why the EU and the USA dont do the same on your agricultural exports….USING WORD FOR WORD….the same arguments you have against China ?????

    Lets face it, except in agricultural products because you have the climate and enough land, you are not competitive elsewhere !!!!!
    You have the other developing nations productions cheaper and better than Brazilians products for semi manufactured and Industrial goods and you have the EU, USA and Japan for everything that is technology and advanced Industrual goods and financial services.

    In my view…you are jus good to export Iron ore, Orange Juice, Grains, Coffee, Sugar and ethanol.
    Even you cars and trucks manufacturers are 100 %……FOREIGNERS !!!!!!!!

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

Middle East Negotiations Could Benefit from Brazil’s Help, Say Palestinians

Brazil’s foreign minister, Celso Amorim, met with the minister of Foreign Affairs of the ...

Hostages Taken by Brazilian Indians Are Freed

Members of four Brazilian Indian groups, the Krikati, Gavião, Awa-guajá and Guajajara, have now ...

Brazil Auctions Dozens of Exploration Blocks in New Oil Frontiers

The National Petroleum, Natural Gas and Biofuel Agency (ANP) has scheduled for December 18th, ...

Industry Wants to Bar Chinese Goods from Brazil

The president of Brazil’s National Confederation of Industry (CNI), Armando Monteiro Neto, urged the Brazilian ...

Brazil’s New Environment Czar Wants Zero Deforestation and Army Help

The new Environment minister of Brazil pledged Monday, May 19, to aggressively fight illegal ...

The Latest Minister Accused of Corruption in Brazil Is Close Friend of President Rousseff

Fernando Pimentel, Brazil’s Trade and Industry minister, is facing pressure to explain his personal ...

The Art of Stealing

A poll by Berlin-based Transparency International with international businessmen from around the world has ...

In Brazil, Only 40% of Court Cases Are Judged in One Year or Less

The large number of legal appeals and the lack of organization and communication among ...

Brazil Says It Was Never Interested in Bolivia and Was Urged to Invest There

Brazilian Foreign Minister Celso Amorim emphasized Sunday that Venezuela’s membership and the current pulp ...

Brazil Slashes Minimum Foreign Investment to US$ 50,000 or Less

The Brazilian government reduced the minimum amount necessary for the authorisation of foreign investments ...