In brief China’s Ministry of Commerce (known as “MOFCOM”) initiated a safeguards investigation on December 27 on beef imports. The official notice of initiation is available at the following link. Safeguards are imposed against all origins and not on specific countries. The duties may be imposed by raising tariffs or imposing quotas and can last from […]
In brief On 19 December 2024, SECEX (the Brazilian Secretariat of International Trade) initiated a sunset review on the antidumping duties in force against the Brazilian imports of new diagonal rubber tires for motorcycles from China, Thailand, and Vietnam, commonly classified under the NCM code 4011.40.00. The duties remain in force during the sunset review and may be renewed for another […]
In brief In the last fortnight of 2024, two new regulations were enacted concerning climate change adaptation and mitigation in Brazil. These are: (i) Federal Decree No. 12,309/2024, which provides financial support for the recovery of infrastructure in areas affected by extreme weather events, and (ii) Resolution No. 223/2024 of the Brazilian Securities and Exchange Commission (CVM, in Portuguese), […]
In brief On 31 December, 2024 the Public Notice of special settlement agreement No. 24/2024 was published, which provides a new special settlement agreement for tax debts in administrative or judicial litigation related to tax goodwill deductions generated in corporate restructuring within the group itself (internal goodwill) and through a company set up solely to […]
In brief SECEX (the Brazilian Secretariat of International Trade) initiated three antidumping investigations on Chinese exports on December 27: Textured polyester yarn, commonly classified under the NCM codes 5402.33.10, 5402.33.20, and 5402.33.90 (link to the Official Notice of Initiation, in Portuguese); Polyester fabric, commonly classified under the NCM codes 6004.10.31, 6004.10.32, 6004.10.33, 6004.10.34, 6004.90.30, 6006.31.20, […]
In summary On 27 December 2024, Law No. 15,079 (“Law 15,079“) was approved, which establishes in Brazil the global minimum tax of Pillar Two of the Organization for Economic Cooperation and Development (OECD). Law No. 15,079, originating from Bill of Law No. 3,817/2024 (“BL 3,817“), adapts Brazilian tax legislation to the OECD’s Global Rules against […]
In brief On December 16, 2024, the Brazilian Ministry of the Environment and Climate Change (MMA, in Portuguese) issued Ordinance GM/MMA No. 1,250/2024, which regulated and established the procedures for the implementation of the Recycling Industry and Production Chain Incentive mechanism. More details Following the enactment of Federal Law No. 14,260/2021 and its regulation (Federal […]
In brief On 18 December 2024, SECEX (the Brazilian Secretariat of International Trade) initiated an antidumping investigation on Brazilian imports of food-grade phosphoric acid from China, Morocco and Mexico, commonly classified under the NCM code 2809.20.11. Food-grade phosphoric acid is used in a variety of applications, such as: Food and soft drinks industry: used as a clarifier, acidifier, nutrients for yeast and […]
In brief SECEX (the Brazilian Secretariat of International Trade) initiated an antidumping investigation on Brazilian imports of ethanolamines – monoethanolamines and diethanolamines from China on 3 December 2024, commonly classified under the NCM codes 2922.11.00 and 2922.12.00. Ethanolamines are used in a variety of applications, such as: Agrochemical industry: used as a neutralizing agent for anionic emulsifiers and active ingredients used […]
Data Protection Officer