Braskem SA (BAK) has released an update.
Braskem SA announces that Brazil’s Executive Management Committee of the Foreign Trade Chamber has approved an increase in import tax from 12.6% to 20% on certain products the company markets, including various polyethylene and polypropylene resins. This tariff change, which aims to address trade imbalances, is expected to benefit the Brazilian chemical and petrochemical industry over the next year. The decision was made public in the Brazilian Federal Official Gazette and is part of a broader strategy to boost the domestic market.
For further insights into BAK stock, check out TipRanks’ Stock Analysis page.
