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News sources familiar with the consultations told Reuters on Friday that Brazil had proposed to China to set a quota for the 50% tax rate on Brazil's import sugar to dissolve trade disputes between the two countries, but China had rejected the plan.
The current global supply oversupply is pushing sugar prices, and China's move could continue the dispute, making Brazil the world's largest sugar producer's exports under.
China currently allows annual gross sugar imports to total 1 million 940 thousand tons, with a tax rate of 15%, which is part of the commitment to the World Trade Organization (WTO). More than that amount of imports will face a 50% tax rate.
In May last year, China imposed an additional 45% tax rate on many countries including Brazil and Thailand, in order to protect domestic industry from import shock.
At that time, the sugar industry in Brazil indicated that in some cases, the tax rate for exporting to China was 95%, which is not reasonable.

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