Camex approves anti-dumping tariff for steel tubes and magnets in China

(29/10 - Diário de Pernambuco)


Starting tomorrow (30th), steel tubes from China and ferrite magnets from China and South Korea will stop to enter Brazil. The Chamber of Foreign Trade (Camex) today approved (29) a resolution introducing an anti-dumping tariff for these products.

Commercial practice condemned by the World Trade Organization, dumping consists of selling goods below the market price to eliminate domestic manufacturers, who are unable to reduce production costs. To avoid unfair competition, the government has the right to apply the anti-dumping tariff to bring prices up to market levels.

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