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

    China footwear

    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

    Olympics in Brazil: Does Rio Have What It Takes?

    Brazil wants to host the 2012 Olympic Games and has already a blueprint to ...

    Ayoreo-Totobiegosode tribe in Paraguay

    Brazilians Accused of Destroying Indian Land in Paraguay

    A company from Brazil, which according to Survival International – an organization that defends ...

    International Forum on Architecture and Construction, in the city of São Paulo, Brazil

    World’s Tallest Building Engineer Praises Brazilian Design

    Brazil has potential to export goods and services in the area of construction to ...

    Suleimaniya in Kurdistan

    Brazil Is in Iraq Trying to Drum Up Business

    Through the Arab Brazilian Chamber of Commerce Brazil is  participating in the Kurdistan DBX ...

    This Lebanese-Brazilian Built a Little Food Empire

    It is 10 o’clock in the morning. Aldemir Abdala runs from one side to ...

    AIDS: Breaking Patents Is the Only Solution, Says Brazil

    Brazil’s Minister of Health, Humberto Costa, said that increases in the quantities spent on ...

    Brazilian fish

    Brazil’s Fish Story: Big Plans to Develop Amazon’s Aquaculture

    Brazil's Amazon currently produces approximately 200,000 tons of fishery products – around 20% of ...

    A Brazilian and His Bike Spend 3.5 Years Visiting 28 Countries in 5 Continents

    Brazilian architect Argus Caruso Saturnino, 31 years of age, has already travelled to Egypt, ...

    Brazilian Exports Grow 19% and Imports 64%

    Brazilian exports totaled US$ 2.877 billion last week, presenting growth of 19.42% when compared ...