ANNOUNCEMENT 15 Mar 2012In March 2012, the government of Brazil announced an altered import quota.
NUMBER OF INTERVENTIONS
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¬icia=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
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:
In 2011, Mexican car manufacturers had export vehicles worth USD 2 billion to Brazil.