Opportunities in trade with Brazil
(chinadaily.com.cn), Updated: 2015-04-03
Brazil has initiated the sunset review over an anti-dumping tax for the Chinese shoe industry recently, which may bring opportunities for Chinese makers.
The National Foreign Trade Council of Brazil (CAMEX) said it would impose anti-dumping duties on Chinese shoe products of 13.85 yuan ($2.23) each pair in March 2010. According to Brazilian media, the act aimed to protect the local shoe industry. In 2012, CAMEX announced it would impose an import surcharge.
As a consequence, the share of Chinese exported shoes in the Brazilian market decreased sharply from 70 percent in 2010 to below 25 percent in 2014, with the trade value slumping from $200 million dollars in 2010 to $50 million in 2014. China’s market share was replaced by Vietnam and Indonesia. Particularly, the trade value of Xiamen has also decreased from $28.14 million in 2008 to $2.44 million in 2014.
As an emerging market, Brazil is an important market of China. The sunset review after five years will decide if the country will continue to impose the anti-dumping duties, which means an opportunity for exporters. The Ministry of Commerce and China Chamber of Commerce for Import and Export of Light Industrial Products has organized a conference to coordinate enterprises to respond. The Xiamen municipal bureau of commerce immediately initiated its early-warning system mechanism and encouraged the enterprises to prepare to respond and fight for a return to the Brazilian market.
By Peng Juan from China Daily Fujian Bureau