ANNOUNCEMENT 15 Mar 2012

In March 2012, the government of Brazil announced an altered import quota.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Ministry of Trade. (3 April 2012). Definidas quotas para exporta??o do acordo automotivo Brasil-M?xico. Available at http://www.mdic.gov.br/sitio/interna/noticia.php?area=5&noticia=11417

Official Gazette. (2 April 2012). PORTARIA N? 10, DE 2 DE ABRIL DE 2012. Available at http://www.in.gov.br/visualiza/index.jsp?data=03/04/2012&jornal=1&pagina=170&totalArquivos=224


Inception date: 19 Mar 2012 | Removal date: 19 Mar 2015
Still in force

Import quota

On 15 March 2012, the governments of Brazil and Mexico agreed to limit the value of Mexican car exports to the Brazilian market. Under the agreement, Mexican car exports to Brazil may not exceed designated annual thresholds for the next three years.
 
These thresholds are:

  • 19 March 2012 - 18 March 2013: USD 1.45 billion
  • 19 March 2013 - 18 March 2014: USD 1.56 billion
  • 19 March 2014 - 18 March 2015: USD 1.64 billion

 
In 2011, Mexican car manufacturers had export vehicles worth USD 2 billion to Brazil.

AFFECTED SECTORS