ANNOUNCED AS TEMPORARYNo
On 25 November 2014, the Brazilian Foreign Trade Council (Camex) issued Resolution no. 113 decreasing the import tariff on 18 goods belonging to the IT-sector from 16% to 2%. Out of the 18 goods, the tariff for one item has been renewed. The measure took effect on 26 November 2014 and lasts until 31 December 2015.
The tariffs were reduced under Brazil's ex-tarifário scheme which allows capital and IT-goods a temporary customs duty exception to the Mercosur Common External Tariff. Such an exception can be invoked in case the good in question has no domestically produced equivalent (see WTO Trade Policy Review). The measure was introduced simultaneously with Camex Resolution no. 114 which reduces tariffs on capital goods (see 'Related Measures' or measure no. 8693).
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