ANNOUNCED AS TEMPORARYYes
On 20 July 2016, the Brazilian Foreign Trade Council (Camex) issued Resolution No. 63 decreasing the import tariff on 221 specific products related to capital goods from 14% or 12% to 2%. The measure entered into force on 21 July 2016, and is in force until 31 December 2016, 30 June 2017 or 31 December 2017 depending on the good.
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. 64 that reduces the tariff on IT goods (see related measure). Both measures produce 226 ex-tarifários.
Affected sectors and countries of origin according to Camex
The main affected sectors by both measures are pharmaceutical and chemical (24.8%); capital goods (14%); auto parts (12.7%); energy (12%); Graph (6%); mining (5.7%); food (3%); automotive (2.9%) and healthcare (2.8%).
The products' country of origin by both measures are Germany (51.61%); United States (20.36%); Italy (7.36%); China (4.47%); Japan (2.9); Spain (2.78%); the United Kingdom (1.99%) and the Netherlands (1.69%).
⚑ Please report this page in case you detect an inaccuracy in its content.