The case of China and Brazil started 2004 whn Brazil granted market-economy status.
(Bear with me this answer is going to be completed)
I suspect Brazil wanted to give the industry ther a run for their money form them to upgrade. Industry in Brazil was coddled nbefore behindtariff barriers, hence the industry pressure for retaliate.
China devours Brazil's exports
Brazil is considering trade sanctions against Chinese goods after trade talks in Beijing broke down.
Dow Jones Newswires reported Brazil and other Latin American countries, which granted China market-economy status last year, are suffocating under cheap Chinese textiles, shoes, toys, tires, and auto parts, often at the expense of local industry.
Other Latin American countries have implemented measures against Chinese goods, including Argentina, Colombia, and Mexico.
Brazil is seeking voluntary Chinese export quotas. Brazilian Trade and Development Minister Luiz Fernando Furlan, who returned from Beijing on 30 September after talks broke down, told reporters the government's foreign trade council, Camex, "has already approved sanctions, and President Lula has frequently said he favors them."
The wave of cheap Chinese imports has cut Brazil's surplus with China by more than half in the past year. Brazil's exports to China consist primarily of the raw materials devoured by China's industrial machine.
InTech Sponsors
|
