Brazil to end Chinese glyphosate anti-dumping duty
Brazil is to end the charging of its anti-dumping duty against Chinese exporters of the herbicide, glyphosate, from next year. The Ministry of Development and Foreign Trade issued Circular 25 in the official gazette on June 3rd setting February 12th 2014 as the date to cease charging the duty on imports of all forms of Chinese glyphosate that are exclusively destined for manufacture. The charge was set at 2.1% in February 2009 for a five-year period (Agrow No 561, p 13). The duty had been applied at a far higher rate, and was amended in 2010 at $2.52-3.60 per kg on top of the standard 12% charges on active ingredient and formulated product imports (Agrow No 593, p 18). A Brazilian chamber of foreign trade, the Camex, review of the duty was initiated in 2010 after a petition from Monsanto as enough evidence had been presented that the duty may not have been sufficient to counteract dumping (Agrow No 618, p 18).