Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Argentina Limits Appliance Imports on Brazil Concern
Jul 6, 2004
 Printable format
 Email this Article
 Search

Argentina restricted imports of appliance such as refrigerators to protect domestic producers after a surge in sales from neighboring Brazil.

The government will require a special license for companies to export appliances to Argentina, ending a policy of automatically granting licenses, Economy Minister Roberto Lavagna said at a press conference in Buenos Aires.

Brazil's exports to Argentina almost doubled in 2003 to U.S. $4.6 billion as demand rose and a weakening Brazilian currency made the nation's goods cheaper abroad. Brazil's currency has weakened 4.4 percent this year against the dollar, compared with a 0.6 percent drop for Argentina's peso.

"We want to protect local jobs and local production," Mr. Lavagna said. A spokeswoman for Brazil's trade ministry declined to comment.

Argentine imports of refrigerators, stoves, and washing machines have all more than doubled in the first 5 months of the year from the same period last year, Mr. Lavagna said. Argentina in January put a similar temporary measure on the imports of textiles, which ended when Brazil agreed to reduce shipments.

"In the first five months of this year the country has imported more than in all of last year and three times more than in 2002," said Raul Zimmermann, chief executive of Longvie SA, Argentina's second-largest producer of washing machines.

Mr. Lavagna also said Argentina will place a 21-percent tariff on televisions produced in Brazil's duty-free zone of Manaus that have so far been exempt from tariffs. "Imports have surged and that is weighing on national production," Mr. Lavagna said. "There is an existence of damage that justifies the safeguard measures." (Bloomberg)

Back to Daily News

 

Daily News

...........................................................

Oct 23, 2014: Whirlpool Corporation to Showcase Resource-Efficient Technologies at Greenbuild

Oct 23, 2014: CWIEME Chicago exhibition had record attendees

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows