ANNOUNCED AS TEMPORARYNo
On 11 July 2011, the Brazilian Foreign Trade Council (Camex) issued Resolution no. 48 reducing the import tariffs on 268 capital goods and 55 integrated systems goods to 2%. It also further reduced the tariff on 17 integrated systems goods, which were already reduced in Resolution no. 36 (see 'Related measures'), 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 12 July 2011 and lasted until 31 December 2012. Several goods have had their tariff reduction extended to 30 June 2012 by Resolution no. 91 of 2012 (see 'Related measures'), whereas another one has been revoked early by Resolution no. 34 of 2012.
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