ANNOUNCED AS TEMPORARYNo
On 20 July 2016, the Brazilian Foreign Trade Council (Camex) issued Resolution No. 64 decreasing the import tariff on five products from the IT and telecommunications sector from 16% to 2%. The measure entered into force on 21 July 2016 and it was menat to be in force until 31 December 2017, however, on August 16, 2017, CAMEX issued Resolution 64, introducing a new duty (see related state acts).
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. 63 that reduces the tariff on capital 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%).
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