Brazil toughens stance on trade policies, considers adding import restrictions

The Brazilian Government announced that it is considering additional import restrictions on top of the ones already applied to vehicles, as a measure to defend their national industry. 

The statements were made by Development, Industry and Foreign Trade Minister Fernando Pimentel during a seminar, in which he said that Dilma Rousseff’s government had decided to implement “active measures” in order to protect their business.

“We will me implementing additional measures such as non-automatic licenses on imports, a move that is allowed by the WTO, on those sectors in which we feel there’s a clear threat to our trade balance,” Pimentel explained. 

Brazil decided to apply non-automatic licenses on imported vehicles, which outraged the Argentine Government, its main partner in the Mercosur, who at the same time was accused by Brazil or setting roadblocks on the import process of their products into Argentine territory.

“We will use any measure available within the WTO rules in order to defend competitiveness. Wherever there’s a threat against our trade balance, we will make use of any defence mechanism available,” he said.