Camex approves trade defense measures and export incentives

The Executive Management Committee of Brazil’s Foreign Trade Chamber (Gecex-Camex) announced early Friday a series of trade defense measures, including actions aimed at the steel industry, as well as expanded support for exports.

On the trade defense front, the agency approved the inclusion of carbon steel bars on the list of products subject to temporary tariff increases due to temporary trade imbalances, raising the number of covered items to 20. The measure meets a request from Aço Brasil (IABr), which represents Brazil’s steelmakers.

As a result, the import tariff on steel bars was increased from 10.8% to 25%.

Camex also renewed the higher tariffs applied to the other 19 steel products included in the so-called tariff-rate quota system, according to an official statement.

In the textile sector, although the agency decided to impose anti-dumping duties on nylon yarn, polyester yarn, and polyester fabrics imported from China, it suspended the measure on public-interest grounds pending further analysis.

Exports

The executive committee also approved two new instruments that it says will modernize and expand access to Export Credit Insurance (SCE).

One of them is the creation of a new SCE modality for pre-shipment operations, aimed at companies of all sizes, according to the agency.

The instrument will allow exporters to benefit from a federal government guarantee, facilitating access to financing during the production phase under more competitive conditions.

“The new instrument complements the existing one, which is focused on micro, small, and medium-sized enterprises (MSMEs), and now allows operations with payment terms ranging from 180 days to five years, which may be extended in specific cases, such as in the defense sector,” the agency stated.

The second instrument is a new insurance modality designed to support MSMEs in exporting through coverage of direct credit operations.

“This solution makes it possible to finance working capital, production, investments, and other initiatives considered strategic by companies for business development, fostering their expansion in international trade,” Camex said.

Source: UOL

Sharing is caring!