Saturday, 05 Feb 2011
Bloomberg reported that the European Union is investigating Brazilian measures to limit steel imports because they may break World Trade Organization's rules.
Steelmaker trade association EUROFER said that the EU is Brussels didn't open a formal investigation yet and is talking to the Brazilian government before taking such a decision.
It may be recalled that Brazil's tax agency said in October 2010 that it would seek to combat irregularities in steel imports, applying taxes based on pre determined prices whenever the declared value is lower.(sourced:www.bloomberg.net)
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