Brazil has threatened with trade reprisals if Argentina does not lift new restrictions to imports of Brazilian manufactured toys. Trade tensions between the two Mercosur partners and largest economies of South America have soured lately because of what Brazil considers “protectionist” measures and attitudes from Argentina.
According to sources from the Brazilian Foreign Trade Ministry, a timetable to solve the current situation is running.
Last week the Argentine government notified that “it does not recognize Brazilian organizations certification for the export of toys” and therefore is has begun to demand Argentine certification of Brazilian products.
Based on this the Brazilian Foreign Trade minister Welber Barral “notified Argentina on Monday that if in 15 days the toys situation is not reversed, Argentine toys coming to the Brazilian market will be exposed to the need of having import licences”.
Sao Paulo’s main financial daily Valor, said that the decision to slap non automatic import licences on Argentine toys “is a clear message to the Argentines that any restrictions imposed on bilateral trade in Argentina will be immediately accompanied by a similar measure in Brazil”.
Argentine and Brazilians presidents last month met in the framework of regular contacts but trade related issues remained stalled.