Brazil's trade minister said, WTO has agreed to consider the proposals, the imposition of penalties for currency manipulation, may be discussed in the next year, WTO has agreed to consider the proposals, the imposition of penalties on a currency manipulator, possibly next year be discussed.
Brazil's trade department, said 14 local time, the World Trade Organization (World Trade Organization, referred to as WTO) has agreed to consider the recommendations of Brazil, seeking to increase trade volume by manipulating the exchange rate of the national implementation of the punishment, the issue may be discussed in 2012 .
Brazil's trade department spokesman in an e-mail response to questions, said: "WTO has agreed to debate, which could be completed in 2012." WOT Brazil in September to make the exchange rate, saying the existing unfair competition in a variety of treatment the exchange rate mechanism can not be solved in recent months and emerged in recent years, sharp fluctuations.
Brazil's Trade Minister Fernando • Pimengteer (Fernando Pimentel) Local 13, an event in Rio de Janeiro, told reporters that Brazil's proposal would allow WTO members retaliation and lead to an artificially low exchange rates of countries in international trade imbalances.
In early 2011, a lot of hot money into Brazil, the South America's largest economy, prompting the Government to take measures to limit capital inflows, but overall, the Brazilian currency can still float.
Pimengteer said the proposal is not for the Chinese yuan. RMB exchange rate regime based on market supply and demand with reference to a basket of currencies, a managed floating exchange rate system. In almost all products, China is now Brazil have become major competitors.
Brazil's trade department, said 14 local time, the World Trade Organization (World Trade Organization, referred to as WTO) has agreed to consider the recommendations of Brazil, seeking to increase trade volume by manipulating the exchange rate of the national implementation of the punishment, the issue may be discussed in 2012 .
Brazil's trade department spokesman in an e-mail response to questions, said: "WTO has agreed to debate, which could be completed in 2012." WOT Brazil in September to make the exchange rate, saying the existing unfair competition in a variety of treatment the exchange rate mechanism can not be solved in recent months and emerged in recent years, sharp fluctuations.
Brazil's Trade Minister Fernando • Pimengteer (Fernando Pimentel) Local 13, an event in Rio de Janeiro, told reporters that Brazil's proposal would allow WTO members retaliation and lead to an artificially low exchange rates of countries in international trade imbalances.
In early 2011, a lot of hot money into Brazil, the South America's largest economy, prompting the Government to take measures to limit capital inflows, but overall, the Brazilian currency can still float.
Pimengteer said the proposal is not for the Chinese yuan. RMB exchange rate regime based on market supply and demand with reference to a basket of currencies, a managed floating exchange rate system. In almost all products, China is now Brazil have become major competitors.
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