ANNOUNCED AS TEMPORARYNo
On 11 July 2011, the Brazilian Foreign Trade Council (Camex) issued Resolution no. 47 reducing the import tariffs on electronic control devices for use in motor vehicles (NCM 9032.89.29), as well as on 16 integrated systems goods, to 2%. The goods 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 12 July 2011 and lasted until 31 December 2012.
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