Brazil levy 2.1% anti-dumping duties on Chinese glyphosate

Brazilian Foreign Trade Chamber of Commerce decided to change the glyphosate herbicide on the taxation of domestic standards, to extend the use of magnets on the ceramic anti-dumping duties.

Brazilian Foreign Trade Association, said, Brazil is on the herbicide glyphosate imported from China imposed anti-dumping duty of 2.1%, switch to the new standards, the maximum tax 2.52 U.S. dollars per kilogram, to make up for the domestic market price of the product and export to Brazil spreads between the price.

Brazilian Foreign Trade Chamber of Commerce Executive Director Lita Spindora said the new measures were aimed at  "artificially low prices to prevent foreign producers exporting to Brazil,"  Brazil will not have any impact on local producers.

Brazilian Foreign Trade Chamber of Commerce decided the same day in the domestic ceramic magnet for anti-dumping duty extended for 5 years. Brazil currently in charge of domestic ceramic magnets 43% of the anti-dumping duties.