Trade Barriers In Brazil Affect Vietnam'S Shoe Exports
This year, Vietnam.
Shoe shoe
Exports to Brazil may slow down because of Brazil's investigation of Vietnamese shoe manufacturers, the Vietnam leather and Footwear Association (LEFASO) said.
In October last year, Brazil investigated leather shoes imported from China and finished shoes imported from Vietnam and Indonesia. Brazil suspected that these imported shoes were suspected of tax evasion.
Vietnam?
The competition bureau of the Ministry of trade and industry said that since 2009, Brazil has imposed anti-dumping duties on shoes imported from China.
Brazil is investigating whether China's products exported to Brazil through third countries are suspected of tax evasion.
In September last year, Brazil launched anti-dumping investigations on yarn imported from Vietnam and Turkey.
Meanwhile, the southern the Atlantic news agency said that this is part of the efforts of President Rousseff of Brazil to restrict imports, especially from China, so as to speed up Brazil's local production.
Brazil's Argentina Trade Office said Brazil will strictly regulate imports from China and other Asian countries from the second quarter of this year to prevent the entry of cheap products from these countries into Brazil.
These commodities from Asia come mainly from China, and will be set to the standard set by Brazil since the second quarter of this year. Otherwise, they will not be allowed to import to Brazil.
These measures are applied to about 240000 types of industrial products, such as textiles and clothing, metal materials, auto parts and children's toys non-tariff barriers.
A senior official in Brazil said that it was from China.
Cheap products
Flow into Brazil.
The bilateral trade volume between Brazil and China reached $77 billion last year, and Brazil's trade deficit reached $11 billion 500 million, the official explained.
Vietnam's trade deficit with Brazil reached $13 million in January.
Vietnam supplies daily commodities to Brazil, such as sea products, rubber products, bags and suitcases, and shoes account for half of Vietnam's exports to Brazil.
In January, Vietnam's footwear exports to Brazil accounted for more than 3% of Vietnam's total leather and footwear exports, while textile and clothing exports to Brazil accounted for 0.25% of Vietnam's total textile and clothing exports.
Therefore, strict import regulation in Brazil will affect the local textile and clothing sector.
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