BRAZIL’S TEXTILE SECTOR WOULD CONTRACT IF COUNTRY ABANDONS PROTECTIONISM, SAYS OECD

BRAZIL’S textile sector would contract, should the country abandon its protectionist policies, however, its added value clothing industry would perform better, an Organisation for Economic Cooperation & Development (OECD) report has concluded. Noting that average tariffs levels weighted by imports are almost twice as high in Brazil as in Colombia and more than eight times higher than in Mexico or Chile, the report highlighted how around 450 tariff lines are at the maximum of 35%, including textiles, apparel and leather. “Effective protection levels due ...


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