ANNOUNCED AS TEMPORARYNo
On 22 July 2015, the Brazilian Foreign Trade Council (Camex) issued Resolution no. 64 decreasing the import tariff on 260 tariff codes related to capital goods from 16% and 14% to 2%. The measure took effect on 23 July 2015 and lasts until 31 December 2016.
The tariffs were reduced under Brazil's ex-tarifário regime 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. 63 which reduces the tariff on IT goods (see measure no. 9786 under Related Measures). According to Camex, the imported IT and capital goods are worth USD 541 million and related to projects of USD 1,355 billion.
The main affected sectors are nautical (21.75), energy (14.97), capital goods (12.17), nutrition (8.25), and metal-mechanic (7.50). The goods' countries of origin are Germany (28%), USA (22.8), China (16%) and Italy (8%).
The goods will be used for industrial projects in the regions of Ceará, in the Federal District, Rio de Janeiro, and Bahia. Projects include the increase of traffic capacity, a center for strategic communication and defense, a new glass production line, and to increase the security of railway traffic
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