São Paulo – The Foreign Trade Chamber (Camex, in the Portuguese acronym), linked to the Ministry of Development, Industry and Foreign Trade, announced this Wednesday (18th) the reduction of the import tax on two products due to undersupply problems on the Brazilian market.
One of the products is isopropylidenediphenol and its salts, an input used in the manufacturing of polycarbonates, which are plastics used in industries such as auto, electric and electronic devices and packaging. The tax on the item, according to the Camex, will be lowered from 12% to 2% during six months, at a quota of 3,000 tonnes.
The same rate of reduction, from 12% to 2%, will be granted to imports of thick carbon steel sheets. According to the Camex, the material will be used in a project for supplying pipes for underwater pipelines. In this case, the measure will remain in effect until December 31st, 2011, and the limit will be 30,000 tonnes.
*Translated by Gabriel Pomerancblum
