ANNOUNCED AS TEMPORARYNo
On 24 November 2015, the Brazilian Foreign Trade Council (Camex) issued Resolution no. 112 decreasing the import tariff on 136 tariff codes related to capital goods to 2% (from 14%). The measure took effect on 25 November 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 is to restructure Brazil's industrial park and infrastructure services.
The measure was introduced simultaneously with Camex Resolution no. 111 which reduces the tariff on IT-related goods (see measure no. 10474 under Related Measures). According to Camex, both measures produce 156 ex-tarifários, out of which 151 are new. The goods are related to projects worth USD 640.4 million.
The main affected sectors are automotive (40.65%), petrochemical (12.60%); mining (10.25%), energy (9.74%), telecommunication (3.76%), and capital goods (3.16%).
The products' main countries of origin are the USA (76.9%), China (9.03%), Switzerland (4.24%), and Germany (2.88%).
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