Associated Press

Brasilia, May 22:

The Brazilian government is preparing domestic anti-dumping regulations against Chinese products, trade ministry officials said. Government authorities said they would prepare one set of regulations to cover textile products and another group of regulations for other goods. The announcement comes in response to requests from local industry for protection from a flood of cheap Chinese products entering the economy. According to trade ministry figures, imports from China increased by 58 per cent in the first four months of the year, compared to a 21 per cent increase in imports from all other countries. Officials said the safeguard mechanisms, which could include adoption of import quotas, would not necessarily be automatically implemented upon publication of the norms. According to Mario Mugnaini,

director of Brazil’s Chamber of Foreign Commerce, sectors affected would have to prove they suffered losses because of competition from Chinese goods.