News

Brazil implements safeguards against Chinese imports

27/06/2005

The Brazilian Ministry of Development, through CAMEX (the Chamber of Foreign Trade) has approved the implementation of safeguards against imports from China. The measures will allow Brazilian economic sectors that feel threatened by such imports to ask for safeguards in the form of quotas or import taxes to be imposed.
Until now, Brazil has had no specific protection mechanisms against imports from China as the country’s general safeguards for specific products were not applicable to a single country. However, Brazil will now be able to impose barriers on Chinese products alone on any products that are likely to jeopardise the performance of the domestic industry in that sector.

To continue reading this story, please sign in or register.