Beijing, China, 03 April – The Chinese government has made a request to the Brazilian government to avoid implementing safeguard clauses on Chinese exports to Brazil, in a report published in Beijing by China’s Trade Ministry.
Criticizing trade and technical barriers to trade between the two countries, the report said that China had appealed to the Brazilian government to avoid applying the safeguard clauses against Chinese products.
Bilateral trade between China and Brazil, according to MOFCOM, totaled US$14.82 billion in 2005, a 20 percent increase on 2004.
Of the total, exports from China to Brazil totaled US$4.83 billion in 2005, a 31.4 percent increase on the previous year, and imports from Brazil of US$9.99 billion, corresponding to an increase of 15.2 percent.
As well as safeguard clauses, the MOFCOM report also points out commercial obstacles in Brazil and tariffs and restrictions on imports, as well as technical difficulties for trade as being the most harmful to China.
“All levels of the Brazilian government implemented 219,795 trade laws and regulations between October 1998 and October 2004. Factors such as high taxation and irreversible tax standards affect the growth of domestic Brazilian industries and foreign investment,” the report concluded. (macauhub)