Brazil trade chamber OKs import tax cuts on more food products
BRASILIA, March 13 (Reuters) - Brazil's trade chamber, known as Camex, has agreed to eliminate import taxes on certain products to curb food inflation, it said in a statement on Thursday.
The decision was unanimous, Brazilian Vice President Geraldo Alckmin, who also serves as trade, industry and development minister, told reporters in Brasilia.
"These are emergency measures to reduce taxes, to reduce food costs and to help, at this exceptional time, to reduce inflation, especially food inflation," Alckmin said, after the government rolled out similar cuts last week.
The measures will take effect on Friday and will continue for as long as necessary to reduce food prices, he said.
Alckmin said the estimated cost of the exemptions, if they last for one year, is 650 million reais ($112.07 million), though he expects their duration to be shorter.
The import tax exemptions apply to foodstuffs such as boneless beef products, roasted coffee, coffee beans, corn, olive oil, sugar, cookies, pasta and sardines.
The trade chamber falls under Alckmin's ministry and handles the government's trade policies and guidelines.
($1 = 5.8001 reais)
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Reuters
6 hours ago
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Dublin like a local
A young, creative, international city has emerged from the financial crisis that stopped Dublin in its tracks for the best part of a decade. The warehouses of the Irish capital have been repurposed by international tech companies for their European headquarters, the docks and quays are lined with buildings of glass and steel, and there are new hotels, coffee shops and bars. It is still unmistakably Dublin — with its beautiful Georgian terraces, manicured garden squares, stunning coastal walks and villages that make up some of the prettiest suburbs of any capital city. But now its cobbled streets hum with fresh purpose. I grew up on Ireland's west coast and, after a spell in London, moved to Dublin a decade ago to cover Irish business news and then political and general news for Reuters. The economic catastrophe that befell Dublin after the 2008 financial crisis is a cautionary tale of the dangers of unfettered lending and poor regulation. 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Does that mean that the regime still doesn't have the capability to acquire nuclear weapons or a dirty bomb by purchasing it from the North Koreans? "It doesn't eliminate that, that's the entire point." Pahlavi, whose family was forced to leave Iran after the Islamic Revolution in 1979, warned unless the Islamist regime is toppled, the threat of nuclear material being weaponised looms large. The self-styled crown prince - who has been advocating for regime change for decades - announced on Monday he is offering to lead a transitional government to make Iran a democratic, secular country. READ THE SUN'S EXCLUSIVE INTERVIEW HERE 'The regime has now brought them into a war with the United States, although that may not continue. I think the people can only take so much.' Last week the US bombed nuclear sites in Fordo, Natanz and Isfahan after Iran's devastating missile exchange with Israel. President Donald Trump has since announced a precarious ceasefire, but the world continues to nervously await what happens next. While Iran is currently in a ceasefire with Israel, fears continue to grow as to how long this will last. Trump was this week hailed a 'daddy' by Nato chief Mark Rutte at a landmark meeting in the Netherlands. Iran also finally admitted the US strikes had left their nuclear facilities 'badly damaged'. But it came after Trump made the astonishing claim on Tuesday that Israel and Iran 'don't know what the f*** they're doing' following doubts the agreement had been kept. Katzman believes Iran is very far away from developing a nuclear weapon. 7 And even if it did get one, it would be extremely difficult for it to ever threaten a launch given US and Israeli intelligence. He added: 'I think US intelligence is good enough to detect if they were actually going to try to use a nuclear weapon. 'You need a lot of steps to do that. It's not that easy to conceal, especially with the Mossad agents crawling all over the place as they are right now. 'There are radioactivity detectors. There's a lot of intelligence gathering going on. 'So I don't think it would be that easy for them to just go from where they are now with these destroyed facilities to suddenly producing a nuclear weapon. 'I could be wrong, but I don't think it's that easy.' Asked how the Iranian people could conceivably overthrow the regime, Katzman said he doesn't expect anything to happen soon. 7 Kenneth Katzman spent 31 years briefing Congress on Iran as a top Middle East Analyst Credit: soufangroup 7 Missiles fired by the Islamic Revolutionary Guard Corps towards Israel Credit: Reuters 7 Satellite view shows Fordow in Iran after the US struck the underground nuclear facility Credit: Reuters He believes the conflict must settle first. Katzman added: 'It can be toppled. Is it close to being toppled? No, but it can be. 'Anything can really spark it. We had a partial prison break at Evin Prison. 'You can get incidents. I hear the IRGC is already cracking down by stopping every car that goes by to see if there are Mossad agents in there. 'They're sort of doubling down on their strategy in a way. That can work for a while, but the population is pretty fed up. 'Obviously the population has to get through this crisis first and then it can reassess what to do about the regime. 'So it's not going to do anything right now while the conflict is going on, but ultimately though, there's going to be a reckoning.' On Wednesday Nato leaders pledged to increase their annual defence spending to 5 per cent of GDP by 2035. Trump also said he no longer believes the organisation is a 'rip-off'.
