Part 4/5:
Concerns from the Local Automotive Industry
However, this influx of Chinese automakers has raised alarms within the Brazilian automotive association ANFAVEA, which represents local manufacturers. ANFAVEA has expressed concerns regarding the negative impacts of increased vehicle imports on the trade balance within the sector, a trend not seen since 2021. In response, the association advocates for an increase in import duties to 35% to shield established local manufacturers that have invested significantly in Brazil.