SAO PAULO – Importers of cars that previously entered Brazil automatically under a free-trade agreement now must request a license before the necessary forms can be filed. The wait to acquire an import license for such vehicles reportedly could be up to two months. The new regulation is a result of complaints by the domestic auto makers that say they are losing market share to imports. Imports from vehicle manufacturers that do not have factories in Brazil rose 87% in the year’s first ...
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