INDEPENDENT NEWS

Cablegate: Brazil: No Controls On Scrap Steel and Copper

Published: Mon 29 Mar 2004 05:28 PM
This record is a partial extract of the original cable. The full text of the original cable is not available.
UNCLAS BRASILIA 000744
SIPDIS
STATE PASS USTR
PARIS PASS USOECD
E.O. 12958: N/A
TAGS: ECON ETRD BR
SUBJECT: BRAZIL: NO CONTROLS ON SCRAP STEEL AND COPPER
EXPORTS
REF: SECSTATE 62180
According to the Ministry of Development, Industry and
Foreign Trade, Department of Foreign Trade Operations
(DECEX), Brazil maintains no controls on exports of steel or
copper scrap. The only requirement for scrap exports that
differs in any way from the norm, according to the
Department, is a requirement that proof of the purchase price
of the scrap be provided at the time of export. This
requirement was established for tax purposes, given the
difficulty of establishing the commercial value of some scrap
items. A cross-check with Brazil's published, consolidated
list of items subject to export controls or requiring special
procedures showed no controls on scrap, coke, DRI, copper
cathode or iron ore exports. To the contrary, Brazil is a
major exporter of the latter.
HRINAK
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