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[url=//m.bulbanews.bulbagarden.net/wiki/Nintendo_leaving_Brazilian_gaming_market] Nintendo leaving Brazilian gaming market[/url]
<a href="//m.bulbanews.bulbagarden.net/wiki/Nintendo_leaving_Brazilian_gaming_market"> Nintendo leaving Brazilian gaming market</a>
Official flag of Brazil
Nintendo announced last week that they will cease their representation in Brazil. All consoles and video games distributed by Nintendo will no longer be sold in Brazilian stores due to high tariffs on the products enforced by the country's government.
These tariffs are enforced in an attempt to have businesses build their own manufacturing plants in the country to stimulate the local economy. Because of this, Nintendo's consoles and games are sold for much higher prices than elsewhere in the world, with the Wii U retailing for R$1,899 (approximately US$722). Nintendo could get around this by building their own manufacturing plant, but this decision makes that option seem unlikely.
The distribution of Nintendo products elsewhere in South and Latin America is not affected by this decision.
“Brazil is an important market for Nintendo and home to many passionate fans, but unfortunately, challenges in the local business environment have made our current distribution model in the country unsustainable. These challenges include high import duties that apply to our sector and our decision not to have a local manufacturing operation. We will continue to monitor the evolution of the business environment and evaluate how best to serve our Brazilian fans in the future.”