ANNOUNCED AS TEMPORARYNo
On 21 May 2015, the Brazilian Foreign Trade Council (Camex) issued Resolution no. 44 decreasing the import tariff on 203 tariff codes related to capital goods to 2%. For 174 codes the reduced tariff is new, while for the remaining 29 it was extended. The measure which took effect on 22 May 2015 lasts until 31 December 2016.
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. 45 which reduces the tariff on IT-goods (see measure no. 9564 under Related Measures).
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