ANNOUNCED AS TEMPORARYNo
Import tariff quota
On 28 March 2016, the Brazilian Foreign Trade Council (Camex) issued Resolution No. 23 revising the list of auto parts not produced in Brazil and, in this case, including a number of new products to the list. The import tariff of these new products are temporarily reduced to 2% and with annual quotas that varies depending on the subject good. The measure is in force for a period of 12 months.
The list was additionally revised by Resolution No. 24 published on the same day, see related measure. Both resolutions combined include 61 new products on the list reducing the tariff from 18%,16% and 14% to 2%. The goods in question were included in Camex resolution no. 116/2014 which regulates the import tariff of automotive parts and is based on the 38th Additional Protocol of the Economic Complementation Agreement (ACE) between Brazil and Argentina.
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