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H. Stern projects Brazil sanctions closing stores. (trade sanctions against Brazil will close down jewelry importer)
WWD
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September 9, 1988|
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COPYRIGHT 1988 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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H. STERN PROJECTS BRAZIL SANCTIONS CLOSING STORES
WASHINGTON (FNS)--Proposed trade sanctions on Brazil for its failure to protect U.S. pharmaceutical patents will force the closing of the largest Brazilian jewelry importer in the U.S., government officials heard Thursday.
At a meeting of the International Trade Commission's Trade Policy Staff Committee, the president of H. Stern, Inc., New York, testified that proposed 100 percent duties on precious jewelry from Brazil would force the company to shut down its eight stores in the U.S. and put its 100 ...
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