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Sunday, 22 December 2013

EU hauls Brazil to WTO

11:59:00

BRUSSELS - THE European Union (EU) Thursday took Brazil to the World Trade Organization (WTO) for alleged discrimination against imports and helping its exporters illegally.

The European Commission said it had asked for talks with Brazil under WTO dispute settlement provisions “on tax measures that discriminate against imported goods and provide prohibited support to Brazilian exporters.”
The Commission said in a statement: “In recent years, Brazil has increased its use of the tax system in ways which are incompatible with its WTO obligations, providing advantages to domestic industries and sheltering them from competition.”
The Commission, the EU’s executive arm, cited a 2011 case in which Brazil imposed a 30-percent tax increase on imported vehicles.
It charged that Brazil also “took steps affecting other goods, ranging from computers and smartphones to semiconductors.
AFP

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