ANNOUNCED AS TEMPORARYNo
On 21 August 2012, the Brazilian Foreign Trade Council (Camex) reduced the import tariffs on 503 capital goods to 2%. The products have been labeled as ex-tarifários, i.e., products with a tariff exception to the Mercosur Common External Tariff. The measure remained in force until 31 December 2013.
Some NCMs (Mercosur Common Nomenclature) of the mentioned capital goods have been revoked since the inception of Camex resolution no. 60/12 (see also "Related Measures"):
On 27 December 2013, Camex resolution no. 121/13 extended the measure until 30 June2014.
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