ANNOUNCED AS TEMPORARYNo
On 26 October 2015, the Brazilian Foreign Trade Council (Camex) issued Resolution no. 101 decreasing the import tariff on 123 tariff codes related to capital goods to 2%. For 119 codes the reduced tariff is new, while for the remaining four it was extended. The measure took effect on 27 October 2015 lasts until 30 June 2017.
The tariffs were reduced under Brazil's ex-tarifário regime which allows for a temporary customs duty exception to the Mercosur Common External Tariff on capital and IT goods. Such an exception can be invoked in case the good in question has no domestically produced equivalent. The goal of this is to restructure Brazil's industrial park and infrastructure services (see WTO Trade Policy Review).
The measure was introduced simultaneously with Camex Resolution no. 100 which reduces the tariff on IT-goods (see measure no. 10287 under Related Measures). According to Camex, both measures produce 138 ex-tarifários and are related to global investments worth USD 1.4 billion.
Sectors and countries of origin
The main affected sectors are petrochemistry (42.07%), automotive industry (31.93%), pharmaceuticals/chemistry (10.82%), nutrition (4.93), mining (1.62%), capital goods (1.60%), agri-business (1.38%), and graphic design (1.33%).
The products' main countries of origin are the USA (29.88%), Austria (12.7%), Italy (10.1%), Germany (8.07%), China (6.76%), Israel (6.75%), Japan (5.12%), and South Korea (3.7%).
⚑ Please report this page in case you detect an inaccuracy in its content.