industry evaluation section - III INDUSTRY EVALUATION...

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III: INDUSTRY EVALUATION REGULATORY STRUCTURE With the privatization programs that began in 1988, many enterprises in the steel industry were transferred from the public to the private sector. The Brazil Steel Institute is involved in the major national issues of the steel industry in Brazil, including the regulatory framework for ports, railways, issues relating to environment, tax and labor, and foreign trade agreements (Brazil Steel Institute 50 years, n.d.). At the 24 th Brazilian Steel Conference in 2013, the Brazil Steel Institute indicated that the government needed to create a favorable environment in order to increase the rate of investment (by increasing foreign and domestic savings). There needs to be a well-defined regulatory framework along with sector policies. Due to the high taxes imposed on exports and bureaucracy in several industrial sector, reform is needed to lower those taxes and simplify the bureaucracy for Brazil to compete with the likes of China in supplying steel. High import tariffs make it financially difficult to import steel into Brazil and in some cases there have been temporary increases in tariffs (from 12% to 25%) on certain items in the steel sector. There are voluntary and compulsory certifications relating to metrology, standardization and industrial quality. For the steel industry, voluntary certifications exist for materials and equipment for civil construction; compulsory certifications exist for steel wire used in reinforced
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