ANNOUNCED AS TEMPORARYYes
On December 22, 2016, the Brazilian Foreign Trade Chamber (Camex) issued Resolution No. 134 decreasing the import tariff on 306 capital goods. The new duty was reduced from 30%, 14% and 10% to 2%, and from 14% to 0% depending on the product. This state entered into force on January 1, 2017, and was meant to be in force until June 30, 2017, December 31, 2017, and December 31, 2018, depending on the capital goods, 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 additionally introduced simultaneously with Camex Resolution No. 133 that reduces the tariff on IT products (see related measures). Both resolutions produce 315 ex-tarifários.
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