EU/BRAZIL AUTOMOTIVE DISPUTE UNDER WAY AT WTO, BUT SOLUTION MAY DEPEND ON WIDER TRADE AGREEMENT
January 7th, 2015
A long-running dispute between the European Union and Brazil over taxes on cars imported into Brazil has entered a critical final stage with a decision by the World Trade Organization (WTO) to set up a panel to consider the dispute. The row is not as straightforward, however, as an argument about allegedly punitive and illegal taxes. Certainly, Brazil's taxes on imported cars are high - they are 30%. But Brazil has been taxing European auto imports for so long that some European auto companies, in particular larger ones such as BMW, Volkswagen and Jaguar Land ...
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