Brazilian government decides to levy import surcharges on Chinese stretch knitted fabrics

Business Club April 11 News Brazil's "São Paulo State News" April 6, 2011 News, according to the decision of the Brazilian Ministry of Development, Industry and Foreign Trade on April 5, the Brazilian government will import elastic knit from China. It imposes an additional import tax of US$4.10 per kilogram and imposes a period of five years for the surcharge.

According to the filing of an anti-dumping investigation submitted by the Brazilian Textile Industry Association, the Brazilian government launched an anti-dumping investigation procedure on the above products in November 2009, and determined that the import of Chinese elastic knitted fabrics had caused damage to the Brazilian industry and therefore imposed a surcharge on Final decision.

According to local media quotes from the Ministry of Development Industry and Foreign Trade of Brazil, the import value of products subject to anti-dumping duties in 2010 was US$95 million.

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