Word: braziller
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...teachers junior year talked a lot about Brazil. He would say, 'A lot of coffee is grown in Brazil, but do you think that people in Brzil actually drink it?' I stopped drinking coffee after that. I just became a lot more conscious about farming issues," Bar Am says...
...have the regulatory burden we do, or a minimum wage, or high fuel prices." Brazilian producers of frozen, concentrated orange juice are thirstily eyeing the U.S. market, in which they once enjoyed a 45% share. That was before the U.S. industry got Washington to impose whopping 63% tariffs, slashing Brazil's slice of the $8 billion market to just 12%. Brazil, with its much lower costs, has threatened to scuttle the whole free-trade area unless it regains free access for its juice. But the citrus agency in Florida claims that without tariffs, it could not "keep our growers...
Many South American unions are against the free-trade area. And Brazil, the biggest economy in Latin America, worries about its inefficient, state-protected industries. Brazil wants to assert itself as the Latin economic and political leader through Mercosur, its customs union with Argentina, Chile and other neighbors, and it will be the region's toughest negotiator...
...loser would likely be Asia. Larry Martin, president of the American Apparel and Footwear Association, says that since 1994, when NAFTA went into effect, "the Mexican and Caribbean share of our imports has risen from 24% to 38%, while China's share has dropped from 11% to 6%." Brazil's footwear industry is overwhelmed in the U.S. by China, where costs are 10% lower, but foresees a boom if it can eliminate the current 8.5% U.S. tariff...
...free-trade area could turn some of NAFTA's winners into losers. The Mexican auto-parts industry, for instance, exports more than 60% of its production to the U.S. But Enrique Zambrano Benitez, CEO of Proeza, a partsmaker that employs 5,000 in Monterrey, Mexico, is anxious about Brazil's big parts indus-try, which currently faces U.S. barriers that would fall in the proposed free-trade area...