ANNOUNCED AS TEMPORARYNo
On 1 June 2011, the Brazilian Foreign Trade Council (Camex) issued Resolution no. 36 reducing the import tariffs on 245 capital goods and 49 integrated systems goods to 2%. Resolution 48 (see 'Related measures') further reduced the tariff on 17 of the 49 integrated systems goods to 0%.
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 2 June 2011 and lasted until 31 December 2012.
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