Brazil Imposes Tax On Chinese Tyres

11th September 2009 | 0 Comments
Brazil Imposes Tax On Chinese Tyres

The Brazilian Chamber of Foreign Commerce has imposed an additional tax of US$ 0.75 on each kilo of tyres imported from China. The decision was taken, says the CFC, as an anti-dumping measure to protect domestic markets and the new tax will come into force immediately. However, it could have been worse; at the same meeting the CFC also imposed a levy of US$ 12.47 on each pair of shoes imported from China.

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Category: International News

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