ANNOUNCED AS TEMPORARYNo
On 28 October 2009, the Brazilian Foreign Trade Council (Camex) issued Resolution no. 62 reducing the import tariffs on 161 capital goods and 6 integrated systems goods to 2%.
The goods have been classified as ex-tarifários which aregoods with a tariff exception to the Mercosur Common External Tariff. The goal of the reduced tariff is to restructure Brazil's industrialpark and infrastructure services by incentivizing investments in capitalor IT and telecommunication goods. An exception from the MercosurCommon External Tariff can be invoked in case of a shortage or nodomestic production of the good in question.
The measure took effect on 29 October 2009 and lasted until 31 December 2010.
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