ANNOUNCED AS TEMPORARYNo
On 9 April 2014, the Brazilian Foreign Trade Council (Camex) issued Resolution no. 23 reducing the import tariffs on 95 capital goods from 14% to 2%.
The capital goods are have been classified as ex-tarifários which are goods with a tariff exception to the Mercosur Common External Tariff. The goal of the reduced tariff is to restructure Brazil's industrial park and infrastructure services by incentivizing investments in capital or IT and telecommunication goods. An exception from the Mercosur Common External Tariff can be invoked in case of a shortage or no domestic production of the good in question.
The measure took effect on 10 April 2014 and lasts until 31 December 2014.
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