Brazil's Braskem defends tariff hikes on chemicals

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.

The measure increases the import tariffs for several products such as polyethylene (PE) film, laminated polyvinyl chloride (PVC) and biaxially oriented polypropylene (PP), he said.

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.

By: Leo Siqueira
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