Brazil Announces Easing of Protectionism in Auto Industry

After criticism of 'exacerbated protectionism’, officials announce possibility of reducing domestic protection measures in the auto industry.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – After being criticized by the World Trade Organization (WTO) for infringing free trade laws with the fiscal incentives given to the automotive sector, the Brazilian government announced on Tuesday (April 18th) that it would be discussing measures to reduce domestic production protection.

“We can no longer discriminate between domestic and foreign producers and, I believe, the new Brazilian automotive policy will not do continue with this discrimination," said Secretary of Development and Industrial Competitiveness of the Ministry of Industry, Foreign Trade and Services, Igor Calvet speaking to reporters during the . . .

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