Brazil says car taxes in line with WTO rules
Sunday, 2 November 2014
BRASILIA, Nov 1 (Xinhua): Brazil's taxes on imported cars comply with World Trade Organisation (WTO) rules, Foreign Minister Luiz Alberto Figueiredo said Friday.
The comment came after the European Union (EU) announced earlier in the day that it had asked the WTO to establish a panel to look into possible unfair taxes imposed by Brazil on foreign-made cars.
"Our tax regimen is perfectly compatible and we are going to prove this at the panel," said the minister.