Just after the surprising announcement by Brazil government, they immediately suspend the new import license regulation.
With criticism as "protectionism" to global trade and mounting industry opposition, the Brazilian government announced on January 28 that it is suspending its controversial new policy requiring an import license, which covers quite a lots of HS codes. The suspension will take effect on January 29.
International traders welcome this quick move, however amid glowing protectionism over economic downturn, other countries may proceed similar actions, which may or may not be "gray" area to WTO rule.
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No representation is made about the accuracy of the information. The information, opinions and comments posted here are not to be considered legal advice. The information contained in this blog site is provided only as general information for education purposes, and blog topics may or may not be updated subsequent to their initial posting.
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