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Article: Brazilian consumption pushes import.
- Article from:
- South American Business Information
- Article date:
- May 12, 2004
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Brazil, May 11, 2004 (Valor Economico /SABI via COMTEX)
The Brazilian foreign commerce study center foundation Funcex (Fundacao Centro de Estudos do Comercio Exterior) has appointed an increase in imports due to a slightly resumption in domestic market. Between August 2003 and March 2004, imports of inputs targeted the manufacturing of export products increased by 10% over a 2% high in production. Imports totaled US$17.9bil in Jan-Apr 2004, a 16.2% increase over the same period in 2003. External purchasing through the drawback system, which grants tax exemption, registered a 0.5% increase in Jan-Feb 2004 over Jan-Feb 2003, while imports of products that pay taxes ...