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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: dougjn who wrote (8657)	9/30/1998 3:07:00 PM
From: Steve Fancy	Respond to of 22640

Brazil's Govt To Further Tighten Import Regulations O-DJI e-brw09302 R/BR R/LTM N/WER N/EWR N/BKG N/EMR Dow Jones Newswires BRASILIA -- Brazil will apply five new measures tightening import controls effective Thursday, a government official announced Wednesday. Federal Revenue Secretary Everardo Maciel said one of the measures includes a complete check on all imports from what the Revenue Department considers "fiscal havens." All goods from the list of nations - mainly countries in the Caribbean, Central America, Africa and the Mediterranean region - will now be inspected in detail and will need a declaration stating its "customs value" price, Maciel said. He said 10% of all Brazilian imports originate from such countries. Earlier this month the Foreign Trade Council, known as CAMEX, said importers will now have to pay special fees for importation documents. Importers saw the measure as one more bureaucratic hurdle to delay imports. Brazil's trade deficit for the first eight months of the year was $3.01 billion.