After the limit on imports, will help exporters
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The Brazilian government will announce, by the end of February, a series of measures to alleviate the situation of exporters and prepare them for a more fierce competition for markets. The decree establishing the benefits are being finalized by experts from Ministry of Development, Industry and Foreign Trade (MDIC) and Federal Revenue in Brazil.
Government sources that evaluate these initiatives, together, are not a "revolution" in the export sector, but will give impetus to a key sector of the Brazilian economy which now faces an adverse scenario. It is expected to help improve the performance of trade balance of this year. Tomorrow, the government may announce the first monthly trade deficit since March 2001.
The announcement will come as a result of the government's clumsy attempt to impose a kind of trade barrier by the collection of prior permits for a number of items in the list of imports. The restriction had terrible repercussions within and outside the country and lasted only 72 hours.
Source: State Agency
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