ANNOUNCED AS TEMPORARYNo
On 7 October 2014, the Brazilian Foreign Trade Council (Camex) issued Resolution no. 91 decreasing the import tariff on 243 tariff codes related to capital goods from 14% to 2%. Out of the 243 items, 173 are new while the remaining 69 have been renewed. The measure took effect on 8 October 2015 and lasts until 31 December 2015.
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. 90 which reduces the tariff on IT goods (see under Related Measures measure no. 9858). According to Camex, both measures represent USD 631 million of imported goods which are related to projects worth USD 5,079 billion.
The countries of origin are essentially the USA(28.80), China (15.81), Scotland (13.09), and Spain(11.07). The main sectors benefiting from the reduced tariffs are civil construction (73.35), services (8.30), electronics (3.38), and capital goods (3.08).
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