New Textile Import Tariff Law Will Be Implemented In Brazil
The Brazil government will soon replace its existing rules on Levying tariffs on textile imports.
Guido Mantega, finance minister (Guido Mantega) said that at present, Brazil increased taxes on textile imports according to the price.
Existing
mechanism
It will be replaced by a tax increase mechanism.
The minister accepted a textile industry in St Paul.
prize
At that time, the new tariff system will be within three months.
Implementation
。
He added that this will help safeguard the interests of domestic manufacturers, who are facing difficult times because of dumping prices from overseas exporters.
He said that Brazil will inform the WTO as soon as possible about the intention of Brazil to change the tariff adjustment system and request the implementation of the new system within 10 years.
He added that such measures are necessary to protect Brazil's industries from the weakening of the US dollar and the impact of international competition.
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