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Brazil's Abiquim confirms record $28.1-billion chemical trade deficit

8:17 AM MST | January 23, 2013 | Francinia Protti-Alvarez

Brazil’s chemical industry association Abiquim (São Paulo) has announced that the country's chemical trade deficit in 2012 reached $28.1 billion, the highest registered to date, confirming a forecast released in October 2012. The figure represents a 6.2% increase in the chemical trade deficit in relation to 2011, when the deficit amounted to $26.5 billion.   “The chemical trade recorded in 2012 is the highest to date despite the measures the government has taken to protect the national industry,” says Denise Naranjo, director/foreign...

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