ANNOUNCED AS TEMPORARYNo
On 31 October 2012, the Brazilian Foreign Trade Council (Camex) reduced the import tariffs on 322 types of capital goods from 14% to 2%. Out of the 322 ex-tarifários, 277 are new while the remaining 45 ones 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 the desired good is not being produced domestically.
The measure, Camex resolution no. 74, came into power on 31 October 2012 and lasts until 30 June 2014.
Since the inception of the measure, some capital goods have been retrieved (see also 'Related Measures'):
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