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Braskem S.A. (NYSE:BAK; B3:BRKM3, BRKM5, BRKM6; LATIBEX:XBRK) announced Thursday that Brazil’s Ministry of Development, Industry, Commerce and Services has approved the application of provisional anti-dumping duties on imports of polyethylene resins from the United States and Canada. The measure was approved by GECEX, the Executive Management Committee of the Foreign Trade Chamber, in a meeting held Wednesday.
According to the company’s statement, the provisional duties will be applied for a period of up to six months, beginning from the date the decision is published in Brazil’s Federal Official Gazette. The announcement did not specify the duty rates or the exact start date.
Braskem stated it will continue to update shareholders and the market on any relevant developments in accordance with applicable laws and regulations.
This information is based on a press release statement included in a recent SEC filing.
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