Wheat: reduction of import tariff to avoid increase in derivatives
This article was translated by an automatic translation system, and was therefore not reviewed by people.
By: Gladys Magalhães Ferraz
SÃO PAULO - In the opinion of the adviser Abitrigo (Brazilian Industry Association of Wheat) and president of the Wheat Industry in the states of Rio de Janeiro and Espirito Santo, Antenor Barros Leal, the reduction of import tariff levied on the raw material coming from countries outside the Mercosur should avoid increases in prices of products.
"The measure is to facilitate consumption. Rather than lowering prices for consumers, it must ensure that they get so exaggerated," says Barros Leal.
Of all the wheat consumed in Brazil, approximately 90% are from Argentina, however, by problems of crop shortfall, the neighbor has been unable to meet demand in Brazil, which means that the government does not discard the possibility of reducing the rate of import of wheat from other countries.
Wheat
The Executive Secretary of the Ministry of Development, Industry and Foreign Trade, Ivan Ramalho, Brazil had been forced to turn to other countries, due to the imbalance in trade with its neighbor.
"Last year, Brazil has been forced to use other suppliers such as Russia, Ukraine and Canada to address the reduction in sales of Argentine wheat," said the executive secretary, as published by the Agency Indusnet Fiesp.
Currently, the wheat from countries outside the South American economic bloc is subject to the TEC (Common External Tariff), 10%, while the raw material of countries within the bloc, the tariff is zero. Representatives of Brazil and Argentina should meet between days 29 and 30 April in Buenos Aires to discuss the problem.
Source: Infomoney
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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