Search results
Results From The WOW.Com Content Network
So far this year, Brazil has slapped 35% tariffs on Chinese fiber optic cable, as well as 25% on steel and iron imports, while Indonesia has imposed 200% tariffs on Chinese textile imports.
Brazil has recently in the last few years been exporting raw materials to China. Brazil in turn import manufactured goods from the People's Republic. [56] In April 2018, Brazilian oil company Petrobras has received severals bids to sell a natural gas line to increase revenue.
The Brazilian government has undertaken an ambitious program to reduce dependence on imported petroleum. Imports previously accounted for more than 70% of the country's oil needs but Brazil became self-sufficient in oil in 2006–2007. Brazil was the 10th largest oil producer in the world in 2019, with 2.8 million barrels / day.
On the other hand, a large part of the exports of Costa Rica (which has a Free Trade Agreement with China), El Salvador, and Mexico to China were high-tech manufactured goods. [6] 5% of China's exports went to Latin America in 2009 and consisted mainly of industrial and manufactured goods. Chinese goods are popular in part due to their low costs.
This year, the share of China's soybean imports from the U.S. has dropped to 18%, from 40% in 2016, while Brazil’s share has grown to 76% from 46%, according to Chinese customs data.
China’s exports rose in November, the first increase since April, while imports fell, according to customs data released Thursday. China has been grappling with sluggish foreign trade this year ...
The cost of production (land, labor, capital, taxes, incentives, etc.) in the exporting economy vis-à-vis those in the importing economy; The cost and availability of raw materials, intermediate goods and other inputs; Currency exchange rate movements; Multilateral, bilateral and unilateral taxes or restrictions on trade;
WASHINGTON (Reuters) -The U.S. has added three more companies to a list that bars imports from firms allegedly involved with Uyghur forced labor in China, according to a U.S. government notice ...