Insight: Brazil protects its ... wines?
Nevertheless, Brazil is considering steps to protect its tiny domestic wine industry from an onslaught of imports, in what may be the most bizarre - and controversial - example to date of rising trade protectionism in South America.
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#1 Jun 13, 2012
Brazil's Real may have increased against the US dollar,but this is only because the US dollar has decreased. If you compare the value of the Real against similar economies such as Canada and Australia (agriculture, mining and manufacture)the Real has devalued significantly giving Brazil a trading advantage. The Real can not be used as an excuse for the state of Brazil's wine industry.
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