Latest news with #Camex
Reuters
27-05-2025
- Business
- Reuters
Brazil government renews tariffs, quotas on steel products
SAO PAULO, May 27 (Reuters) - Brazil's government on Tuesday decided to renew 25% tariffs initially imposed last year on 19 steel products, while also expanding the trade defense measure to other four, Brazil's Ministry of Development, Industry, Trade and Services said. The decision, which was made by government trade body Gecex/Camex, and will be valid for a further 12 months, also maintained a quota system on the volume of steel imports, the ministry said in a statement. Brazil had initially announced those trade defense measures in April last year, after steelmakers complained about cheap foreign steel, specially from China, "flooding" the local market. In the statement, which did not name the new products to be affected by the tariffs, the ministry said that steel imports made in the context of trade agreements or special regimes would not count toward the quota volumes.
Business Standard
15-05-2025
- Business
- Business Standard
Camex standalone net profit declines 90.32% in the March 2025 quarter
Sales decline 1.01% to Rs 37.21 crore Net profit of Camex declined 90.32% to Rs 0.15 crore in the quarter ended March 2025 as against Rs 1.55 crore during the previous quarter ended March 2024. Sales declined 1.01% to Rs 37.21 crore in the quarter ended March 2025 as against Rs 37.59 crore during the previous quarter ended March 2024. For the full year,net profit declined 45.38% to Rs 1.89 crore in the year ended March 2025 as against Rs 3.46 crore during the previous year ended March 2024. Sales declined 5.75% to Rs 133.65 crore in the year ended March 2025 as against Rs 141.81 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 37.2137.59 -1 133.65141.81 -6 OPM % 5.565.59 - 2.953.28 - PBDT 0.832.17 -62 3.454.96 -30 PBT 0.482.09 -77 2.874.65 -38 NP 0.151.55 -90 1.893.46 -45
Reuters
13-03-2025
- Business
- Reuters
Brazil trade chamber OKs import tax cuts on more food products
BRASILIA, March 13 (Reuters) - Brazil's trade chamber, known as Camex, has agreed to eliminate import taxes on certain products to curb food inflation, it said in a statement on Thursday. The decision was unanimous, Brazilian Vice President Geraldo Alckmin, who also serves as trade, industry and development minister, told reporters in Brasilia. "These are emergency measures to reduce taxes, to reduce food costs and to help, at this exceptional time, to reduce inflation, especially food inflation," Alckmin said, after the government rolled out similar cuts last week. The measures will take effect on Friday and will continue for as long as necessary to reduce food prices, he said. Alckmin said the estimated cost of the exemptions, if they last for one year, is 650 million reais ($112.07 million), though he expects their duration to be shorter. The import tax exemptions apply to foodstuffs such as boneless beef products, roasted coffee, coffee beans, corn, olive oil, sugar, cookies, pasta and sardines. The trade chamber falls under Alckmin's ministry and handles the government's trade policies and guidelines. ($1 = 5.8001 reais)
