Posts
Beleagured by a currency that has soared 50% vs the usd since 2008...President Dilma Rousseff announced a new plan to help local industries compete against cheap Chinese imports...a 2011 version of "Buy, Buy Brasil."
The 2-year measure includes payroll tax relief for some industries like textiles, footwear and vehicles...and loosening price points of 25% on government purchases for local products in health, communications, defense and high tech.
