ANNOUNCED AS TEMPORARYYes
On September 27, 2016, the Brazilian Foreign Trade Chamber (Camara de Comercio Exterior do Brasil) announced a temporary cut in the import tariffs of a selected number of steel goods and set them to 2%. These goods previous import tariffs were set to 14% previously.
This measure has been implemented under the Ex-Tarifarios (ET) regime which allows for provisional temporary import tariff changes for selected goods to be set to 2%. They are announced periodically by the Brazilian Foreign Trade Chamber and are temporary in nature, lasting only 2 years. Such goods tariff rates may be renewed again under the ET program.
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