Brazil Raises Tariffs on Toy Imports from China

To protect its manufacturers, Brazil's Foreign Trade Chamber has raised the tariffs on imported Chinese toys to 35% from 20% until the end of 2011, reports Bloomberg.


Quoting Brazil’s state-development bank, Bloomberg says imports of Chinese goods in the 12 months through August increased 37% to $21.4 billion, from $15 billion in all of 2009. Bloomberg adds that the surge in Chinese imports, boosted by the real's gain against the yuan, threaten to displace domestic sales by Brazilian manufacturers.





Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern