The move is said to be aimed at mitigating the impact of the pandemic and the war between Russia and Ukraine on the prices of supplies for the productive sector.
In a note, the Economy Ministry said that the change is in line with the commitments agreed upon by Brazil in the Agreement on Trade Facilitation of the World Trade Organization (WTO) and will be part of the government’s agenda on red tape slashing.
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).
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