BRAZIL
November 1st, 2002
BY ALAN OSBORNTHE EUROPEAN Union is to remove all textile import quotas applied to Brazil under aMemorandum of Understanding signed between the two sides this month (November). In return, Brazil will respect maximum tariff levels, refrain from applying non-tariff barriers to EU exports, and discontinue the application of an additional tax on textile and clothing imports.EU/Brazil textile and clothing trade balanced, with shipments of around Pounds 147 million each way in 2001. The EU maintains quotas on Brazilian cotton yarn, cotton fabrics, synthetic yarn, ...
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