Cinese operai fanno giocattoli in una fabbrica di giocattoli Dongguan City, a sud Chinas nella provincia di Guangdong, 9 marzo 2010. Il Brasile ha sollevato le sue tariffe su toy ho
Chinese factory workers make toys at a toy factory Dongguan city, south Chinas Guangdong Province, March 9, 2010. Brazil raised its tariffs on toy imports from China in a bid to help the South American countrys manufacturers hurt by a 37 percent gain in the real against the yuan over the past two years. Duties on 14 types of toys ranging from dolls and puzzles to tricycles and electric train sets will be increased to 35 percent from 20 percent until the end of 2011, the Foreign Trade Chamber said in an e-mailed statement Tuesday (December 28, 2010). The chamber said it was acting on a request from Brazilian toymakers to help them fight an increase in imports, 90 percent of which come from China. The higher tariffs will affect goods whose imports totaled $290 million between January and November of this year, according to trade ministry data. Brazilian imports of Chinese goods in the 12 months through August increased 37 percent to $21.4 billion, from $15 billion in all of 2009, according to a study published this month by Brazils state-development bank. The surge in Chinese imports, boosted by the yuans competitive exchange rate, threaten to displace domestic sales by Brazilian manufacturers and has important implications for the countrys industrial development, said the bank, known as BNDES. The reals 37 percent gain against the yuan over the past two years is the third-best performance among major currencies tracked by Bloomberg after the Australian dollar and South African rand. The 12-month non-deliverable forwards suggest traders are betting that the yuan will strengthen 2.2 percent in one year from its current spot value of 6.625 per U.S. dollar.
