Brazil's Foreign Trade Commission decided to impose anti-dumping duties on China steel

Brazil "This Is It" News Network reported on January 18 that the Brazilian Foreign Trade Commission (CAMEX) decided on the same day to impose a five-year anti-dumping duty on hot-rolled steel products imported from China and Russia but suspended for public interest Year implementation.

Reported that because the Brazilian Trade and Industry Service Trade Protection Bureau of the anti-dumping measures taken tough advice, Camex approved but immediately suspended the decision, that is, not taxed within a year, one year will be re-evaluated.

Camex stressed in his report that the suspension of taxation is an "exceptional measure" based on observation of imports and considering the impact on the national economy and possible future changes. The Brazilian government will not accept any unfair trade and break the country's industry.

It is reported that Brazil's Foreign Trade Commission, only the Brazilian Trade and Industry Service advocated immediate anti-dumping measures, the other seven ministers are opposed. Although the Minister of Planning of Brazil, who later spoke as a spokesman, said that the decision was the consensus of all ministries and there was no opposition or agreement.

Source: Ministry of Commerce

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