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International Trade Bulletin – October 2, 2017

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10/2/2017 12:00 AM Demarest News

​International Trade Bulletin – October 2, 2017

 

Initiation of subsidies investigation on the imports of grinding balls and similar articles for mills originating from India

Today, October 2, 2017, the Brazilian Secretariat of Foreign Trade (SECEX) initiated a countervailing duty investigation on the imports of grinding balls and similar articles for mills of cast iron and/or chromium-plated steel, commonly classified under MERCOSUR Common Nomenclature (NCM) 7325.91.00, originating from India. The investigated product is mainly used in the milling of ores, as well as by the cement industry.

The Petitioner of the investigation is Magotteaux Brasil Ltda. and the main exporter from India is AIA Engineering Ltd. According to the Petitioner, the Government of India subsidizes the production and the exports of the product under investigation through laws, regulations and structures, which grant significant benefits to the aforementioned producer/exporter and distorts international trade, causing injury to the Brazilian domestic industry.

If subsidy and injury to the domestic industry are proven, the Department of Trade Remedies (DECOM) may recommend the application of a countervailing duty (or a surcharge) on the Brazilian imports of grinding balls subject to the investigation when originating from India.

Questionnaires sent by SECEX must be answered within 40 days to be taken into consideration for the preliminary determination with regard to the imposition of a provisional countervailing duty.

Parties that were not identified as interested parties by the authorities should request the qualification within 20 days or up to October 23, if willing to qualify.

 

Notice of proposed amendments to the Mercosur Common Nomenclature (NCM) and the Mercosur Tariff Schedule (TEC) – private sector to submit comments to the Department of International Negotiations within 30 days

Today, October 2, 2017, the Brazilian Secretariat of Foreign Trade (SECEX) published proposals of changes to the product description and creation of new tariff codes to the Mercosur Common Nomenclature (NCM), as well as reduction or increase of the import tax of the Mercosur Tariff Schedule (TEC).

The proposals include products such as polycarbonates, fabrics, nickel alloys, aluminum alloys, aluminum foil and strips, parts of machinery and rides for amusement parks.

The Department of International Negotiations (DEINT) will receive submissions from the public about the proposals within 30 days. Based on these, the government will define Brazil's position within MERCOSUR's Technical Committee no. 1, for Tariffs, Nomenclature, and Goods Classification (CT-1).

Demarest Advogados


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