ATTEMPT TO INTRODUCE BRAZIL TEXTILE REFORM PACKAGE DELAYED BY PROTECTIONISM CONCERNS
June 1st, 2013
A COMPREHENSIVE Brazilian government plan to boost Brazil’s textile industry has been delayed because the programme would have included protective duties that could put the country in breach of its World Trade Organisation (WTO) free trade commitments.A meeting of 313 textile industry and government representatives on June 19 in the capital Brasilia failed to back a proposed ‘competitive tax regime for the textile sector’ (RTCC, is its Brazilian acronym). It was designed to help a Brazil textile industry that remains uncompetitive due to mounting costs and ...
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