ANNOUNCED AS TEMPORARYNo
On 6 February 2013, the Brazilian Foreign Trade Council (Camex) reduced the import tariffs on 587 capital goods to 2% (and one item to 0%). For reasons of domestic undersupply or non-production, the capital goods have been labeled as ex-tarifários, i.e., products with a tariff exception to the Mercosur Common External Tariff (TEC). The measure (Camex resolution no. 10) came into power on 10 February 2013 and lasts until 31 December 2013.
The incentives are linked to various global investments worth $5.83 billion including civil construction (43.65%), petrol (16.27%), capital goods (5.51%), automotive (4.20%) and beverages (4.01%). In this case, the main capital good producers and exporters are the USA (26.91%) and Germany (17.22%).
Since the inception of the measure, various capital goods have been revoked (see also 'Related Measures'):
On 27 December 2013, Camex resolution no. 121 prolonged the reduced tariff for certain capital goods until 31 December 2014.
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