BRAZIL CAR TARIFFS HAVE CURBED CAR IMPORTS, TAKEN RESEARCH JOBS AWAY, SAYS EU OFFICIAL
January 1st, 2014
BRAZIL’S taxes on imported products, meant to encourage domestic production, has curbed imports of motor vehicles from the European Union (EU) and in some cases even moved research and engineering jobs from Europe to Brazil, an EU official has told wardsauto.com. To reverse the negative trend, the EU took Brazil to the World Trade Organisation (WTO) last month, accusing it of breaking international trade rules.Imports of EU-made motor vehicles have dropped from 857,900 units in 2011 - when the first version of the Brazilian measure was introduced - to 788,100 ...
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