The revival of a tax break on low-value imports reverses a policy introduced less than two years ago and contrasts with tightening restrictions in markets such as the U.S. and Europe
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Containers at the Port of Rio de Janeiro, Brazil. Photo: VCG
The plan, called ‘Sovereign Brazil’, will include credit for businesses that rely on exports.
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Move is expected to boost Brazilian coffee shipments as Chinese demand is rising.
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