ANNOUNCED AS TEMPORARYNo
On 5 March 2015, the Brazilian Foreign Trade Council (Camex) issued Resolution no. 11 decreasing the import tariff on 27 tariff codes belonging to the IT-sector from 16% to 2%. For 15 codes the reduced tariff is new, while for the remaining 12 it was extended. The measure which took effect on 6 March 2015 lasts until 31 December 2015.
The tariffs were reduced under Brazil's ex-tarifário scheme which allows for a temporary customs duty exception to the Mercosur Common External Tariff on capital and IT goods. Such an exception can be invoked in case the good in question has no domestically produced equivalent. The goal of this is to restructure Brazil's industrial park and infrastructure services (see WTO Trade Policy Review).
The measure was introduced simultaneously with Camex Resolution no. 12 which reduces the tariff on capital goods (see 'Related Measures' or measure Nr. 8756). According to Camex, both measures produce 289 ex-tarifários representing global investments worth USD 2,012 billion and USD 416 million of imported goods involved in those projects.
The main affected sectors are civil construction (36.48), railway (22.72) as well ast the iron and steel industry (11.09). The products' main countries of origin are the USA (19.47), Japan (15.11), Germany (13.96) and France (10.35). The imported products will be used for, amongst others, the construction of metro lines, production of trains and installation of plants for the supply of sodium chloride and oxygen gas.
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