ANNOUNCED AS TEMPORARYNo
On 20 April 2016, the Brazilian Foreign Trade Council (Camex) issued Resolution No. 35 revising the list of auto parts not produced in Brazil to include 60 new products mainly related to the onboard electronics of vehicles as well as items for improving energy efficiency and vehicle safety. The measure entered into force 22 April 2016.
The import tariff of these new products are reduced to 2% from 8%, 10%, 14%, 16%, 18% and 20% depending on the subject good. The import tariff for certain gearboxes for passenger cars are temporarily reduced to 2% for a period of 12 months.
The goods in question are regulated by Camex Resolution No. 61/2015 and is based on the 38th Additional Protocol of the Economic Complementation Agreement (ACE) between Brazil and Argentina.
Affected trading partners are identified based on UN Comtrade's import data from 2014.
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