ANNOUNCED AS TEMPORARYNo
On June 2nd, 2010, the Brazilian government announced tariff increases on the ad-valorem import duty for prepared or preserved sardines from 16% to 32% and for jute from 0% to 8% . These products are classified respectively under the codes 1604.13.10 and 5303.10.10 ofthe Mercosur Common Nomenclature (NCM), respectively.
The average bound tariff of the products concerned is 35%.
It is important to note that the product 5303.10.10 (jute) was on the Brazilian list of exceptions of the Common External Tariff of Mercosur, and now is back to its original rate.
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