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ArtikelTwo Ways to Make a Car; Brazil, Mexico and Trade  
Oleh: [s.n]
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 402 no. 8775 (Mar. 2012), page 44-45.
Topik: Automobiles; International Trade; Disputes
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: EE29.70
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
    Lihat Detail Induk
Isi artikelOfficials from Brazil and Mexico are arguing over the future of a 2002 agreement that allows free trade in cars between them. For a decade it worked as it was meant to, and to Brazil's advantage, by encouraging carmakers in Mexico to specialise in larger models and those in Brazil to make smaller ones. But last year Mexican exports under the accord grew by 40% to $2 billion, while Brazil exported cars worth just $372m. Brazil has cried foul. This apparently petty dispute says much about how Latin America's two biggest economies think about trade and industry. The Brazilians have become worried about a surge of imports that has come about partly because of the strength of the real (which has risen by 32% against the dollar since the start of 2009). Car imports grew by 30% in 2011 (and those from China by ten times as much). In December the government slapped a punitive tax increase of 30 percentage points on imports of cars whose makers lack a factory in Mercosur or Mexico. Officials then cast a tremulous eye at the accord with Mexico, which they think has become a conduit for the import to Brazil of cars largely made at the East Asian plants of global carmakers, such as VW and General Motors.
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