ANNOUNCED AS TEMPORARYYes
On 20 April 2016, the Brazilian Foreign Trade Council (Camex) issued Resolution No. 34 decreasing the import tariff on 251 products related to capital goods from 14% to 2%. Out of the 251 products 22 tariff lines are extended and the remaining 229 are new. The measure entered into force 22 April 2016 and is in effect until 31 December 2016 or 31 December 2017 depending on the specific product.
The tariffs were reduced under Brazil's ex-tarifário regime, which allows temporary customs duty exceptions under 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. 33 that reduces the tariff on IT goods (see related measure). Both measures produce 275 ex-tarifários.
Affected trading partners are identified based on UN Comtrade's import data from 2014.
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