Brazil plans to restrict imports of tens of thousands of products including textiles

Brazil plans to restrict imports of tens of thousands of products including textiles

According to Argentina’s “Finance News”, affected by the impact of imported products from Asian countries, especially China, in order to protect its domestic industry, the Brazilian government plans to implement further restrictions on the import of products from China and other Asian countries starting from the second quarter of this year. and more stringent quality control. According to industry estimates, the above measures may involve about 240,000 products such as footwear, textiles and automobiles.

It is reported that China replaced the United States as Brazil’s largest trading partner in 2009. In 2011, the bilateral trade volume between China and Brazil reached US$77 billion, and China’s trade surplus reached US$11.5 billion. At the same time, China has become Brazil’s largest source of investment.

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