ANNOUNCED AS TEMPORARYNo
On 18 December 2014, the Brazilian Foreign Trade Council (Camex) issued Resolution no. 117 decreasing the import tariff on 18 tariff codes belonging to the IT-sector from 16% to 2%. Out of the 18 items, 6 are new while 12 have been renewed. The measure took effect on 19 December 2014 for the tariff lines NCM (Mercosur Common Nomenclature) 8471, 8517, 8536, 8537, 8542 and 8543. The tariff reduction for NCM 8530 and 9030 took effect on 1 January 2015. The measure lasts for both 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. 118 which reduces the tariffs on capital goods (see 'Related Measures' or measure Nr. 8716).
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