FOREIGN TRADE AND GOVERiJI-ffiNl' CONl'ROL 



Brazil neither imports nor exports appreciable quantities 

 of shrimp. In 19Sh only 600 pounds of dried shrimp were imported, 

 all from the United States. In 1955 there were no imports of shrimp. 

 There were no shrimp exported in 195U and less than a thousand pounds 

 of canned shrimp were erq^orted to Uruguay in 1955. 



Imports, exports, and foreign exchange are controlled, and 

 both import and export taxes are levied. Before shrimp can be exported, 

 permits must be secured from the Game and Fish Department and from the 

 Bank of Brazil. Exchange earned from exports must be delivered to the 

 Bank of Brazil. Pajmients for the exchange are made at the official 

 buying rate plus an additional rate depending upon the classification 

 of the exported item. Shrrnp are in the fourth category, for which 

 the additional rate is 31.70 cruzeiros. This plus the official rate of 

 18.36 cruzeiros amounts to 50.06 cruzeiros to the U. S. dollar. The 

 free-market exchange was 73 cruzeiros for one U. S. dollar. 



Only Brazilians are permitted to fish in Brazil, and only 

 Brazilian companies can trade in fishery products. However, a temporary 

 2-year permit has been granted a United States citizen for exploratory 

 fishing vjith tvjo boats of United States registry. Seventy percent of 

 the catch of these boats must be sold in Brazil. 



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