ANNOUNCED AS TEMPORARYYes
On September 27, 2016, the Brazilian Foreign Trade Council (Camex) issued Resolution No. 91 decreasing the import tariff on 231 specific products related to capital goods to 2%. The state act entered into force on September 29, 2016, and it was meant to be in force until June 30, 2017, or June 30, 2018, depending on the googs, however, on August 16, 2017, CAMEX issued Resolution 64, introducing a new duty (see related state acts).
The tariffs were reduced under Brazil's ex-tarifário regime, which allows temporary customs duty exceptions under 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. 81 that reduces the tariff on IT goods (see related measure). Both measures produce 241 ex-tarifários.
he measure was introduced simultaneously with Camex Resolution No. 81 that reduces the tariff on IT goods (see related state acts). Both measures produce 241 ex-tarifários.
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