ANNOUNCED AS TEMPORARYNo
On 18 December 2014, the Brazilian Foreign Trade Council (Camex) issued Resolution no. 116 decreasing the import duty on 111 codes of the Mercosur Common Nomenclature (NCM) related to automotive parts. The resolution revokes the preceding regulation on automotive parts in Camex Resolution no. 71 of 2010.
The tariffs were reduced from 20%, 18%, 16%, 14% and 10% to 2%. This was done in accordance with the 38th Additional Protocol of the Economic Complementation Agreement (ACE) nr. 14 between Brazil and Argentina. The agreement allows for a reduction of the customs duty for automotive parts to 2% in case there is no domestic production of the good.
The goods in question have also been classified as ex-tarifários which are products with a tariff exception to the Mercosur Common External Tariff. The goal of this 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 usually be invoked in case of a shortage or no domestic production of the good in question.
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