Foxconn's Brazil Plan Stalled

hackingbear writes with an article from Reuters about Foxconn's plans to move iPad production to Brazil. From the article: "A much-hyped $12 billion plan for Taiwanese manufacturer Foxconn to produce iPads in Brazil, announced in April by President Dilma Rousseff during an official visit to China, is 'in doubt' due to stagnant negotiations over tax breaks and Brazil's own deep structural problems such as a lack of skilled labor and bad infrastructure, government sources tell Reuters. '(Foxconn) is making crazy demands' for tax breaks and other special treatment, the official added. Local media have reported that Foxconn is also seeking priority treatment at Brazilian customs, which is notoriously slow even by the standards of emerging markets."

Comments

Article fule of junk - opinion

[TaoPhoenix]

I never believe corporate statements anymore.

Brazil is the next Dark Horse Country after China. But they totally managed to escape notice.

How is that!?