11 September 2012 18:11 [Source: ICIS news]
CAMPINAS, Brazil (ICIS)--Plans by the Brazilian government to increase the nation's import tariffs on several petrochemical products will benefit the plastics industry, Braskem said on Tuesday.
"It will make the Brazilian market more competitive. The package should not change total demand for resins in Brazil, but it [could] increase the competitiveness of local producers", said Luciano Guidolin, vice president of polyolefins at Braskem.
Braskem is affiliated with Brazil's chemical industry association Abiquim, which also defends the hikes.
However, the Brazilian Plastic Industry Trade Association (Abiplast) blasted the new tariffs as a “hard slap” to plastics processors.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections