Brazil raised its tariffs on toy imports from China

Brazil raised its tariffs on toy imports from China in a bid to help the South American country, manufacturers of administrative officers affected by an increase of 37 percent of the real against the yuan over the past two years.

Tariffs on 14 types of toys ranging from dolls and puzzles for tricycles and electric train sets will increase to 35 percent from 20 percent until late 2011, the Chamber of Foreign Trade said in an emailed statement yesterday .

The chamber said it was acting at the request of toy manufacturers to help Brazil, Äúfight, AU increased imports, 90 percent of whom come from China. The higher tariffs affect goods whose imports totaled 290 million U.S. dollars between January and November this year, according to the Ministry of Commerce.

China, the Ministry of Commerce AM "No, AOT respond to a faxed request for phone calls and comments were not a spokesman, TWA said.

Brazilian imports of Chinese products in the 12 months to August increased 37 percent to $ 21,400,000,000, of $ 15 billion throughout 2009, according to a study published this month by Brazil, the AM state development bank. The increase in imports from China, driven by the yuan, the rate of competitive exchange administrative officers, threatening to displace domestic sales of manufacturers from Brazil and has implications Äúimportant, the AU for the country's industrial development administrative officers, said the bank, known as BNDES.

True, the AM 37 percent gain against the yuan over the past two years is the third best performer among major currencies after the Australian dollar and South African rand. The front of 12 months without delivery suggests traders are betting the yuan will strengthen to 2.2 percent in a year of its current cash value of 6,625 per U.S. dollar.

Toy sales in Brazil will reach 3 billion reais (1.8 billion) this year, 49 percent of which come from products made abroad, according to estimates from Brazil, MA Manufacturers Association toys. In 2009, imported toys accounted for 46.8 percent of 2.7 billion reais in sales, the group said.