COMMENT: BRAZIL: New, complex automotive regime still unclear
At last, the long-expected new Brazilian automotive regime was announced, shortly before Easter. Despite the country's notoriety for rule breaking, protectionism and excessive interventions in the economy this is is just the third such programme in over half a century. The first was in 1956 when the Automotive Industry Executive Group (GEIA) was formed. The second dates from 1995, also implemented with no big upsets or surprises.
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