BRAZIL: President Seeks Curb On China Shoe, Textile Exports
Brazil's Trade Minister Luiz Fernando Furlan, who is currently on a three-day trip to Beijing, is to ask Chinese officials to curb export growth of shoes, textiles and toys so that Brazil doesn't have to adopt safeguard restrictions on the country's goods.
Elcio Jacometti, who heads the association representing Brazil's $3.5 billion shoe industry, told the Bloomberg news agency: "We have to protect our industry from the Chinese invasion. If we don't, the industry will perish."
Chinese footwear sales to Brazil doubled to 9.4 million pairs in the eight months to August.
Brazil, which is South America's largest economy, wants China to limit annual sales of these goods to the 2002-2004 average, allowing for 5 percent growth each year.
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