BRAZIL’S HIGH TARIFF WALLS ARE FAILING TO ATTRACT FOREIGN INVESTMENT INTO TEXTILE SECTOR – WTO DATA SUGGESTS
July 1st, 2017
BRAZIL maintains high tariffs on its textiles and clothing imports to encourage foreign investment, according to a new World Trade Organisation (WTO) trade review, but data inside a detailed report suggests this policy is proving ineffective.
“Clothing, textiles, and transport equipment continue to benefit from the activity's highest tariff protection (35%), the main tool in an apparent tariff-jumping policy to attract FDI” (foreign direct investment), said the WTO. This compares to Brazil’s average MFN (most favoured nation) applied tariff for ...
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