The Brazilian government has imposed tentative anti-dumping tariffs on butyl methacrylate imports from Taiwan for six months as it was found that the chemicals were being sold at unfairly low prices.
According to the economics ministry, Brazil launched an anti-dumping investigation last December after a company filed a petition, accusing exporters from Taiwan, Germany, and South Africa of dumping butyl methacrylate on the Brazilian market.
Based on the initial findings of the investigation, Brazil imposed the tentative tariffs on butyl methacrylate imports from the three countries as a temporary measure.
Butyl methacrylate is a material used in the production of resins, solvents, coatings, adhesives, oil additives, dental products, textile emulsions, leather, and paper finishing.
The Brazilian government will continue its investigation into the dumping case and is scheduled to issue a final ruling on Aug. 24. In the meantime, the economics ministry said it will maintain close contact with Taiwanese industry groups to offer any necessary assistance to the affected exporters.