Brazil Accepts to Lower Import Tariffs to 9.9%, But With Conditions

    Brazil’s Minister of Foreign Relations, Celso Amorim, sent a message to worried members of the Brazilian industrial sector that all Brazil will do at the 6th Ministerial Meeting of the World Trade Organization in Hong Kong this month is present a proposal to lower the average import tariff for the sector from 10.8% to 9.9%.

    Speaking at a meeting of the Economic and Social Development Council, Amorim called the offer significant but well within reason. He explained that Brazil intended to use the flexibility clauses that WTO norms permit as a tool and maintain higher tariffs in sensitive sectors.

    Amorim went on to say that the Brazilian offer would remain on the table only if the European Union and the United States make positive offers regarding market access and farm subsidy reductions. He insisted there had to be some kind of parity.

    "Developing countries will reduce industrial sector import tariffs if there is an equivalent counterproposal for farm produce in developed nations," said the Minister.

    Otherwise, he pointed out, the WTO talks would be a double failure, doubly unjust. "That is because this round of negotiations has two goals: reduce the gap between the developed and the developing nations, as well as reduce the gap between the industrial and agricultural sectors," explained the Minister.

    Rising Surplus

    Brazil’s foreign trade surplus in November reached US$ 4.09 billion, with exports of US$ 10.79 billion and imports of US$ 6.7 billion. That was the year’s third biggest monthly surplus (behind only July’s US$ 5 billion, and September’s US$ 4.3 billion).

    The cumulative trade surplus, January to November, is now at US$ 40.44 billion, an increase of 34.08% (US$ 10.27 billion), compared to the same period last year.

    Total exports for the year have now reached US$ 107.41 billion (up 24% over the same period in 2004), and imports US$ 66.97 billion (up 18%).

    ABr

    Tags:

    • Show Comments (2)

    • Guest

      Trying to Importing into Brazil is having to deal with the worst most corrupt people in the country. The Brazilian government wants to export, but not import otherwise it would do something about this problem.

      Why else besides greed and corruption would Brazilians pay so much for household/kitchen appliances. Computer software, cars and so on.

      Somethimes its many times more expensive to buy the above mentioned products locally then it is in even the USA and thats taking into consideration exchange rates.

      The government must start looking after the concerns of its citizens.

    • Guest

      quite contradictory !
      His statement “Developing countries will reduce industrial sector import tariffs if there is an equivalent counterproposal for farm produce in developed nations,”

      But if we reduce by 50 % or so or eliminate our subisidises in agriculture, reducing your industrial goods rate from 10.9 to 9.9 % is not equivalent whatever way you look at it.

      You want fair trade without being fair yourself. Your trade balance is already highly positive.
      And who will finance and pay for the many thirld world countries net importers of foods sold by you ?
      You said that without subisidises agriculture prices would go higher. Who will pay for the prices differences when already today these countries cannot pay what they import at today’s prices ?

      You ? No problem ! You borrow and lend to them ! You then will be responsible for their hunger or will make write offs of money YOU loaned to them !

      But you cannot have it both ways !

    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

    Brazilian Indians Get Vitamin A to Boost Immunity

    Brazil’s National Health Foundation (Funasa) began, April 4, the distribution of capsules containing megadoses ...

    Sérgio Guerra, PSDB's chief

    Lula Starts Brazil’s Campaign with Vulgarity. In Brazil This Is the Norm

    Startled, no one was. Not even shocked. For long the unique political vocabulary of ...

    Brazil Signs US$600-Million Oil Contract with China

    Brazil’s government owned Petrobras announced Monday, July 18, the signing of a contract for ...

    Brazil’s Hunger Minister Says Country Is Winning Fight Against Absolute Poverty

    According to Brazil’s Minister of Social Development and Hunger Combat (MDS), Patrus Ananias, the ...

    Who’s Afraid of Lula?

    The International Monetary Fund moved to lock the future government of Brazil into an ...

    Chilean hooligans in Maracanã

    Chilean Hooligans Have 72 Hours to Leave Brazil or Be Deported

    The invasion of the press center of the Maracanã stadium, in Rio, Brazil, moments ...

    The Brazilian Challenge

    By Brazzil Magazine When in 1865 in Salvador da Bahia some fourteen doctors started ...

    Brazilian Olympics 2016 in Rio

    Upcoming World Cup and Olympics Bring German Entrepreneurs to Brazil

    Brazil was able to recover quicker than any other country from the effects of ...