ANNOUNCED AS TEMPORARYNo
On 24 September 2012, the Brazilian Foreign Trade Council (Camex) reduced the import tariffs on 350 types of capital goods to 2%.200 items are new ex-tarifários while 150 have been renewed.
Ex-tarifários are goods with a tariff exception to the Mercosur Common External Tariff (TEC). The goal of this reduced tariff is to restructure Brazil's industrial park and infrastructure services by incentivizing investments in capital or IT and telecommunication goods. Such an ex-tarifário can be invoked in case of non-domestic production of the desired good.
The measure, Camex resolution no. 68, came into power on 24 September 2012 and lasts until 30 June 2014.
Since the inception of the measure, some capital goods have been retrieved from the measure (see also 'Related Measures'):
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