"We will have a final round of negotiations with Colombia in the next 10 days. We hope to close a deal," said the president of Anfavea, Luiz Moan told reporters. He added that Brazil is also close to a trade agreement with Peru involving the vehicle sector, but gave no details.
The Brazilian industry of bitter vehicles in August the worst production for the month since 2005 to register a drop of 18% on the mounted volume in August last year. The decline occurred before sharp drop in the domestic market, something the industry is trying to mini loan credit insurance mize through growth of its exports.
According to Moan, the agreement that the industry is trying to get with Colombia involves increasing system of annual quotas, in a manner similar to that agreed with Mexico. Currently, most of the exports of Brazil's vehicles goes to Argentina.
The president of Anfavea said the Colombian market moves annually 300,000 vehicles, but in the last 12 months, the Brazilian industry in the country only mana loan credit insurance ged to sell 9000 units.
Brazilian exports in August totaled 39,591 assembled vehicles of 22% over July and 9.2% growth compared to August 2014. From January to last month, the industry had foreign sales of 259,983 vehicles, an increase of 10.5 % over a year earlier.
Written by Sergio
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