Brazil approves anti-dumping on six countries
The Board of Foreign Trade, Ministry of Development, Industry and Foreign Trade (CAMEX) approved anti-dumping measures to be used against China, Saudi Arabia, Egypt, United Arab Emirates, United States, and Mexico on Thursday (July 3).
Flat glass used in automotive, construction, decoration and furniture imported from these countries will be surcharged between $17.40 to $334.35 per ton for the next six months.
Flat glass used in automotive, construction, decoration and furniture imported from these countries will be surcharged between $17.40 to $334.35 per ton for the next six months.Marcelo Camargo/Agência Brasil
Dumping is a trade-distorting practice of exporting goods at lower prices than those charged in the domestic market for the aim of gaining illicit advantage over the competition. When verified, imports of such goods originating from the dumping country can be subject to surcharges.Anti-dumping measures will also be used against China in the case of glass imports for cold-line home appliances, ceramic filters used to filter liquid metals, and porcelain tiles for flooring. For glasses used in home appliances, surcharges will range between $2.74 and $5.45 per square foot depending on the exporting firm. In the case of filters, the surcharge will be $6.06 per kilo, valid for up to five years. As for porcelain tiles, the surcharge varies between $3.01 and $5.73 per square meter, effective for up to six months.
Anti-dumping rights may be conferred on a permanent or a temporary basis. Temporary anti-dumping rights apply when investigations show evidence of the practice. Initially valid for six months, those rights can be made permanent. Permanent rights are only enforced after further investigations and are valid for up to five years.
Also on Thursday, CAMEX authorized another six products to be listed as exceptions for the Mercosur Common External Tariff (LETEC). The listing is limited to up to 100 products. When a product is listed, applicable import duties may be above or below the rate used by the Latin American bloc.
The listed products for which the duties have been raised includes sodium bicarbonate (from 10% to 25%), and vegetable fats and oils (from 10% to 30%). Among products that have been removed from the listing, peach, for example, will be levied 35% tariffs compared to a previous 55%, whereas cement, which had been exempt, will now be levied 4%.
Translated by Mayra Borges
Fonte: Brazil approves anti-dumping on six countries
