Brazil: Beer imports duties slashed as domestic products are not enough during World Cup

The Brazilian government has slashed import duties on canned beer from 16% to 2% so that the country does not run dry during next month's football World Cup in South Africa, Reuters reported on May, 27.

The local breweries announced they would be unable to brew enough to supply the surge in demand during the month-long tournament.

"The industry itself declared in a letter to the Foreign Trade Chamber that it won't be able to satisfy the increase in demand," said Anamelia Seyffarth, an official at the chamber, said.

Brazil, which will play host to the World Cup in 2014, is the world's fourth largest beer consumer.

28 May, 2010