After seven months of investigation, Peru has backtracked in surcharging imports of textile items like apparel and bed, table and bath products from Brazil. Announcing the decision on June 22, the Peruvian ministries of economy and foreign affairs said the safeguard would have a negative impact on Brazilian exports, a Brazilian government statement said.
Brazil was able to prove, with textile sector entrepreneurs, that its exports do not affect Peruvian producers, it said.After seven months of investigation, Peru has backtracked in surcharging imports of textile items like apparel and bed, table and bath products from Brazil. Announcing the decision on June 22, the Peruvian ministries of economy and foreign affairs said the safeguard would have a negative impact on Brazilian exports, a Brazilian government statement said.#
"The Brazilian government took part in all stages of the investigation, in defense of the interests of national exporters. The Brazilian position added to those of other countries and business sectors against the adoption of measures. In the end, the Peruvian authority concluded that the technical conditions for applying the safeguards were not met,” the statement said.
The decision is a positive outcome for the Brazilian textile sector and for the economic and trade relations between Brazil and Peru, it added.
In 2019, Brazilian sales of textile products to Peru totaled $ 3.3 million, and Peru was the seventh-largest destination for its exports in the sector.
Fibre2Fashion News Desk (DS)
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