Brazil slaps anti-dump­ing tar­iffs on chem­i­cal im­ports from Tai­wan

The China Post - - LOCAL -

The Brazil gov­ern­ment has im­posed ten­ta­tive anti- dump­ing tar­iffs on butyl methacry­late im­ports from Tai­wan for six months as it was found that the chem­i­cals were be­ing sold at un­fairly low prices, ac­cord­ing to the Min­istry of Eco­nomic Af­fairs ( MOEA).

Brazil launched an anti-dump­ing in­ves­ti­ga­tion in De­cem­ber 2014 af­ter Basf S.A. filed a pe­ti­tion in Oc­to­ber, ac­cus­ing ex­porters from Tai­wan, Ger­many and South Africa of dump­ing butyl methacry­late on the Brazil mar­ket.

Based on the ini­tial find­ings of the in­ves­ti­ga­tion, Brazil im­posed the ten­ta­tive tar­iffs on butyl methacry­late im­ports from the three coun­tries as a tem­po­rary mea­sure.

Butyl methacry­late is a ma­te­rial used in the pro­duc­tion of resins, sol­vents, coat­ings, ad­he­sives, oil ad­di­tives, den­tal prod­ucts, tex­tile emul­sions, leather and pa­per fin­ish­ing.

For­mosa Plas­tics Corp. ( ), one of the Tai­wanese ex­porters, has been asked to pay av­er­age du­ties of US$140.08 per ton of butyl methacry­late ex­ported to Brazil, the MOEA said.

Ger­man and South African ex­porters have been slapped with tar­iffs of US$526.81 and US$585.37 per ton, re­spec­tively, ac­cord­ing to the MOEA.

The Brazil gov­ern­ment will con­tinue its in­ves­ti­ga­tion into the dump­ing case and is sched­uled to is­sue a fi­nal rul­ing Aug. 24.

In the mean­time, the MOEA said, it will main­tain close con­tact with the Tai­wan Syn­thetic Resin & Ad­he­sives Industrial As­so­ci­a­tion (

), the Petro­chem­i­cal In­dus­try As­so­ci­a­tion of Tai­wan (

) and the Chi­nese Na­tional Fed­er­a­tion of In­dus­tries ( ) to of­fer any nec­es­sary as­sis­tance to the af­fected ex­porters.

Tai­wan ex­ported US$ 13.82 mil­lion worth of butyl methacry­late to Brazil in 2012, US$12.22 mil­lion in 2013, and US$15.46 mil­lion in 2014, which ac­counted for 0.69 -0.93 per­cent of its to­tal ex­ports to to the South Amer­i­can coun­try, ac­cord­ing to Min­istry of Fi­nance data.

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