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Brazil's importers decry protectionism.


Up until 15 years ago, Brazil's central government had imposed draconian restrictions on imports of CNCs in an attempt to bolster a fledgling electronics industry. That effort collapsed, and almost took with it the domestic machine-tool industry.

Ghosts of that failed policy still sway policymakers, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Mario Sanz Anguita, who heads Sartiec Ltda. (Cajamar, SP, Brazil), which imports Haas, ZPS ZPS Zone di Protezione Speciale
ZPS Zhangde Primary School (Singapore)
ZPS Zhenghua Primary School (Singapore)
ZPS Zero Phase Sequence
ZPS Zero-Prebreathe Spacesuit
ZPS Zero Preload Suspension
, and Henri Line machines. Sanz is current president of ABIMEI, the country's year-old association of machinery and industrial-equipment importers, and he says that effective duty rates of upwards of 40% on some items do a real disservice dis·ser·vice  
n.
A harmful action; an injury.


disservice
Noun

a harmful action

Noun 1.
 to manufacturers who want the best equipment to produce goods for Brazil's 185-million population.

ABIMEI is currently supporting an economic study of how tariffs--and a going interest rate of 12%--hurts the economy.

ABIMEI Importers' Assn., Agua Branca, CEP CEP congenital erythropoietic porphyria.

CEP
abbr.
congenital erythropoietic porphyria
, Brazil. 55-11-3856-8306.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
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Publication:Metalworking Insiders' Report
Date:Jul 1, 2004
Words:139
Previous Article:How a Brazilian lathebuilder turned over marketing to a separate entity.
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