Brazil mulls filing WTO complaint over Chinese restrictions

Image
IANS Brasilia
Last Updated : Jul 12 2018 | 9:20 AM IST

Brazil announced that it was conducting a study that may lead the government to issue a formal complaint to the World Trade Organization (WTO) against China's decision to impose restrictions on the South American nation's chicken and sugar imports.

In May 2017, China imposed restrictions on sugar imported from Brazil. Later in June 2018, it also adopted anti-dumping measures on Brazil's chickens, saying that Chinese products suffered unfair competition with the South American giant, reports Efe news.

These measures forced importers to pay extra customs taxes of between 18.8 per cent and 38.4 per cent to China, an anti-dumping measure that compensates for the Brazilian products imported to the country at a lower than normal price.

China adopted such measures after an investigation suggested that Brazil's chickens were exported with a "dumping" price, which, according to the Chinese government, had substantially damaged its local industry.

Brazil is the world's largest exporter of chicken. More than 50 per cent of poultry products in China come from Brazil.

The Ministry of Industry, Foreign Trade and Services of Brazil said in a statement on Wednesday that the trade defence measures adopted by China have already been the subject of eight disputes at the WTO and the Asian giant was condemned in all cases.

In June, when China adopted the anti-dumping measures on Brazil's poultry imports, the Brazilian government said such measures lacked fundamentals and argued that its imports were not in any case responsible for injuring China's domestic market, which grew continuously throughout the period of the investigation.

--IANS

ksk

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 12 2018 | 9:16 AM IST

Next Story