The Executive Management Committee (Gecex) of the Foreign Trade Chamber (Camex) maintained the anti-dumping right on four Brazilian products: viscose meshes, frozen potatoes, automotive glass and agricultural tires. The continuation of the measure was decided at an extraordinary meeting of the body, chaired by the vice-president and minister of Development, Industry, Commerce and Services (Mdic), Geraldo Alckmin.
“With this, the Camex board guaranteed legal certainty and continuity of the measure for national producers and entrepreneurs. That is, the market that invested will be able to continue with its export projects to gain in trade balance”, posted the Mdic on the folder’s social networks.
A practice recognized by the World Trade Organization (WTO), anti-dumping duties authorize a country to impose surcharges on products whose imported competitors enter the country below production cost. Considered unfair competition by international law, dumping makes imported products cheaper than domestic equivalents, making production in the country unfeasible.
The investigation of anti-dumping duties must be conducted in accordance with the rules established by the WTO and Brazilian legislation. Such rules seek to guarantee ample opportunity for defense to all interested parties and transparency in the conduct of the process.
