Date And Time:

Our Performance Of Feb 2018



Today's Message

TRIAL

SEND SMS FOR TRIAL

EQUITY - COMMODITY OR BOTH

TO

 09920033678

www.GoldSilverAlert.com

Tuesday, February 8, 2011

Brazil’s China stance: buying time

If the old marketing cliche "the customer is always right" was true in all situations, then Brazil’s latest moves regarding China would look like madness.

When a country is your biggest trading partner, accounting for 12.5 per cent of your exports, is it really a good idea to complain?

That is what Brazil is doing. Even though China’s purchases of its iron ore, soy meal and other commodities helped Brazil weather the global economic crisis, Latin America’s biggest economy is now crying foul as cheap Chinese imports flood its markets, undercutting domestic producers.

If Brazil acts on its grumbles and makes public its concerns at an international forum, such as this month’s meeting of the Group of 20 or when Barack Obama visits in March, it will mark a shift in the world order. Until now, few countries other than the US have had the confidence to complain about China for fear that Beijing might simply pull up stumps and leave if it gets upset.

Only a country such as Brazil, which has enough agricultural and mineral wealth to satisfy China’s thirst for resources for decades, is so indispensable to Beijing that it can dare to have a voice.

"I think in the past there hasn’t been a unified global voice on these issues," says Eric Farnsborough, vice-president of the Council of the Americas. "Nobody wants to upset the Chinese."

But even if Brazil does join the US in taking a stand on China’s allegedly undervalued currency, what is next? Brazil has already taken numerous trade-related actions in line with World Trade Organisation rules against Chinese goods, such as increasing tariffs on footwear and launching anti-dumping actions. Brazil would be unlikely to take more radical action against such an important business partner, particularly any moves that might violate global trading rules.

Our basic needs are: Air, Water and Food.
Our Additional needs are: Aluminum, Copper, Crude, Gold, Lead, Natural Gas, Nickel, Silver, Zinc.
Email, Equity, Share Market, BSE, NSE

Recent Articles :

No comments:

Post a Comment

Get Trial

TRIAL

SEND SMS FOR TRIAL

EQUITY - COMMODITY OR BOTH

TO

 09920033678

www.GoldSilverAlert.com

Advertisement