Japan May Challenge Brazil IPI Tax Increase at WTO, Valor Says

The Japanese government plans to challenge Brazil decision to increase the so-called IPI tax for cars using less than 65 percent of locally-produced parts at a World Trade Organization’s commission, Valor Economico reported, without saying where it obtained the information.

Japan decided to complain to the WTO’s committee of market access, the Sao Paulo-based newspaper said. The complaint may lead to trade disputes, Valor said.

To contact the reporter on this story: Telma Marotto in Sao Paulo at tmarotto1@bloomberg.net

To contact the editor responsible for this story: Helder Marinho at hmarinho@bloomberg.net

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