Brazil slashes tariff on polyester partially oriented yarn

18 January 2013 19:19  [Source: ICIS news]

CAMPINAS, Brazil (ICIS)--Brazil's Chamber of Foreign Trade (Camex) temporarily reduced the polyester partially oriented yarn (POY) imports tariff from 18% to 2%, it said on Friday.

The measure takes place immediately and will last 180 days, Camex said.

The imports tariff decrease is valid only for companies that import up to 88,000 tonnes of the product to Brazil, it said.

Camex said it reduced the imports tariff as a way to prevent a lack of the product in the domestic market.

By: Leo Siqueira
+1 713 525 2600

AddThis Social Bookmark Button

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.

Printer Friendly