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Brazilian importers of Chinese exports caused a serious loss of business
2008-12-10
Global financial turmoil caused by the poor economy, Brazil's importers due to a shortage of funds, which had already been shipped to a large number of local commodities in the Customs terminal on hold, with the result that China's export business subject to serious losses.

From Shandong, Fujian, Guangdong Foreign Trade of Brazil's exports to a variety of goods, including the recent 38 containers of garlic, and more than 100 million U.S. dollars worth of porcelain, and other bulk commodities shipped in the port of Daba Xi, due to take buyers and sellers The first shipment after the payment of the way, the local importer in order to protect their own interests, not to mention delays in customs clearance, with the result that Chinese enterprises can not recover the money.

WTO arbitrators degrees Wall: As the date of the signing of a contract to buy goods to reach the (port), during this period, the Brazilian currency against the U.S. dollar has undergone tremendous devaluation, some importers in Brazil in order not to cause the loss of their own, refused to Port of goods taken away.

Global financial turmoil, so far, the U.S. dollar and the real exchange rate of change rose nearly 50%, with U.S. dollar-denominated imports prices also, and the transfer of Brazilian importers of such a crisis, caused by dissatisfaction with Chinese enterprises, One after another through the legal channels to find a solution.

China's Zhang Jun corporate lawyer: We have received many complaints from Chinese enterprises, we request them to help resolve the goods arrive at ports in Brazil after the encounter. Well, here I am also careful to remind the Chinese enterprises in South America and in the process of doing business, especially during this period of time, we must be careful, be handled with care, especially for risk prevention should attach great importance.

According to a number of experienced local Chinese businessmen, said many Chinese companies in order to open the South American market, to take more generous payment, as long as customers eager to pay a small amount of down payment on the ship, which was only brought heavy losses to the enterprise.
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