Alarm of China Construction Machinery Exports to Latin America Sounded

It is understood that as early as June of this year, Brazil Government announced that import tariffs on parts of construction machinery products from 14% to the 35%, resulting in some enterprises of China's export tax-related products in Brazil sales virtually stagnant. Just two months later, Brazil Government will once again to loaders, excavators, rollers, import tariffs on products from 14% to the 25%. Thus, China construction machinery product exports Brazil alert has full sound.
Not only that, it is understood that the Brazil Government will also report this information to "MERCOSUR" Member States, according to the reached consensus of the "MERCOSUR" member countries at the Conference in 2011--uniform raising import tariffs, it also means that other Latin American countries will follow Brazil to increase tariffs.
Over the past 5 years, cumulative exports from China construction machinery to Latin America reached $ 5.17 billion, the average growth rate of 81.5%, by 2011, the Latin American exports have accounted for 12.4% of the total exports of construction machinery in China. Ever since the second quarter of 2011, domestic construction machinery market in full decline, more and more companies looking overseas, speeding up the pace of exports, Latin America is a very important market. Rich mineral resources, the rapid development of the real estate industry and the broad prospects of infrastructure in recent years make Latin America an important emerging market for coveted international construction machinery enterprises.
Therefore, it is not difficult expected, boost the tariff will be greatly limited China products in Brazil and Latin America sales and market competitiveness, greatly slowing the rapid development of Chinese construction machinery enterprises in the local momentum. China construction machinery product exports in Latin America in the future or will suffer a heavy blow. Export alert has been sounded in Latin America, the domestic construction machinery enterprises should take measures as soon as possible, and respond appropriately.