Brazil Takes Measures To Revitalize Textile Clothing And Footwear Industry

　　 Brazil government A number of stimulus measures were announced recently to revitalize its domestic manufacturing industry, including textiles, clothing and footwear industry, and avoid the impact of imports of cheap Asian goods.

The "Bigger Brazil" plan proposed by Brazil, including tax relief, has been put forward by Brazil. financing And stimulating export trade measures to help Brazil's currency appreciation and Brazil enterprises competing with foreign goods.

Such measures include tax cuts for textiles, clothing and footwear manufacturers, while the export of manufactured goods can be reduced by 0.5% of the sale price. These tax breaks will offset at least 1.5% of the additional tax on sales of different industries.

The Brazil government's procurement policy will also benefit Brazil's products such as textiles and footwear, and the Brazil government will have 25% Premium Purchasing locally produced products in Brazil.

Brazil President Dilma Rousseff said, "with the implementation of these policies, we are adopting an action to protect Brazil industries from unfair competition in the international market". "Our proposal is aimed at increasing production and employment in Brazil."

The Brazil Development Bank will also provide 2 billion Brazil real (1 billion 200 million US) loan to promote industrial innovation investment.

In terms of trade, Brazil will import goods and export goods. Tax reduction Free and rebate for stricter control.

Meanwhile, the government of Brazil plans to shorten the period of anti-dumping investigation from 15 months to 10 months, and shorten the duration of the provisional anti-dumping duty from 240 days to 120 days, so as to accelerate the implementation of anti-dumping duties and other retaliatory measures.

In addition, customs inspection and enforcement of penalties for smuggled goods and forged cargo documents will also be stricter.