Brazilian textile companies demand expanded restrictions on Chinese products

by:JIYALI     2021-08-04
The new chairman of the Brazilian Textile and Apparel Industry Association, Disney, expressed that he hopes the government will use the opportunity of the Chinese delegation's visit in the first half of this year to make negotiation requests to further expand the types of products that impose restrictions on Chinese textile imports. It is said that the biggest problem currently facing Brazil is the low quotations of imported products, and it is necessary to focus on cracking down on the revision of tariff numbers, triangular trade and low quotations. Disney said that the Chinese market is huge, and Brazilian companies should take advantage of it, prepare to counterattack defensively, and formulate a strategy to enter the Chinese market. Although it cannot compete with China in the mass product market, Brazil has the ability to compete with other grades of products.      Brazilian media reported that Brazil and China reached an agreement on textile trade in 2006. Brazil imposed restrictions on nearly 70 types of Chinese textiles in 8 categories, involving 60% of Brazil’s total imports from China. The validity period is until the end of 2008. Nevertheless, between 2005 and 2007, Brazil's textile imports from China still doubled. According to statistics, in 2007, Brazil's textile and apparel exports were US$2.4 billion and imports were US$3 billion, an increase of 11.9% and 40% respectively. The trade deficit was 648 million U.S. dollars, an increase of 1864% compared with 33 million U.S. dollars in 2006.      It is estimated that the output value of Brazil's textile industry in 2007 was 34.6 billion reais, higher than the 33 billion reais in 2006. In 2008, the investment in Brazil's textile industry is expected to reach US$500 million.
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