Brasilia, Brazil, 10 Sept – Brazil decided to apply, for a five-year period, an added tax of US$12.47 on each pair of shoes imported from China and $0.75 on each kilo of tyres imported from the same country.
The Chamber of Foreign Commerce, in a decision published Wednesday, said that the measure had been taken as an anti-dumping practice to protect domestic markets from foreign competition.
The new additional taxes went into force immediately and according to the Ministry for Development, Industry and Foreign Trade the decision was the result of research into the import of these items carried out by the Commercial Defence Department.
The study showed that between 2003 and 2007 imports of footwear from China had risen by 549 percent whilst national production had fallen by 28 percent.
In the case of shoes added taxes were not applied to beach sandals, slippers, dance shoes or sports footwear. (macauhub)