Brazil to retaliate against EU steel import quota

Wednesday, 13 February 2019 21:01:24 (GMT+3)   |   Sao Paulo

A media report by Valor said Brazil is studying how to retaliate against about $180 million worth of EU exports, the same amount Brazil could pay in import tariffs over the quota limits set by the EU.

The media report said several Brazilian ministries, including economy, agriculture, and foreign relations are looking at which products the nation imports from the EU without harming domestic importers.

Brazil is reportedly seeking to find products that may hit EU exports to Brazil as a way to negotiate the import quotas affecting Brazilian steel exports.

Brazil has also unveiled recently an economic agenda that aims to “open up” the country to the global markets.


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