The latest issue of our Brazil On The Record Newsletter is out! Every Saturday, we bring you the most important laws, decrees, administrative acts, and executive orders which have been approved by the Brazilian government — and published on the Federal Register (the Diário Oficial da União).
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BANKS AND FINANCIAL SYSTEM
Suspension of antidumping measures
To the core: After changes to the structure of the Ministry of the Economy, as we have explained in previous issues, now the internal procedures of the Special Department of Foreign Trade and International Matters have also been changed, to lead to the potential termination of antidumping policies and compensatory measures.
To this end, there is the so-called “evaluation of public interest,” which occurs when someone highlights negative effects on the Brazilian economy as a result of a (protectionist) antidumping measure adopted by the government. “Public interest” comes into play when the damage is larger than the benefit. The new ordinance says the following:
- Evaluation of public interest requests will not be accepted while antidumping