Brazil probes Chinese mobile phone imports

The ministry of development, trade and industry is investigating claims by Brazilian cellphone producers that their Chinese counterparts are dumping cheap handsets on the market.The move follows other measures by Brazil to curb cheap imports from China as one of the world’s newest and most important trading partnerships becomes more adversarial.
Brazil’s economic growth over the past decade has been fuelled by Chinese imports of its major commodities, including soymeal complex, iron ore and other products.
But Brazilian industry complains that it is being swamped by imports of Chinese manufactured goods, which have become even cheaper with the strengthening of the Latin American country’s currency, the real, against the dollar.
 
Read the full article here

Website: http://www.ft.com/cms/s/0/5be26bc6-3bad-11e1-bb39-00144feabdc0.html#axzz1jFDCCBTQ