Brazil considers lower tariffs for SA exporters

Friday, July 16, 2010

JOHANNESBURG - Brazil is looking at cutting import tariffs as one measure to encourage more investment from South African companies.

South African companies that export to Brazil would benefit substantially if tariff rates were reduced, especially as Brazil is a gateway to other Latin American economies.

Brazil committed itself at the SA-Brazil Business Forum last week to buy more goods in SA to end the trade imbalance by this year.

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