ANNOUNCED AS TEMPORARYYes
On March 29, 2017, the Brazilian Foreign Trade Council (Camex) issued Resolution No. 27 reducing the import tariff on nineteen products from the IT and telecommunications sector. The new duty was reduced from 16%, 14% and 12% and 6% to 2% depending on the product. The state act was meant to be in force until December 31, 2018, but on August 16, 2017, Resolution 64, 2017 introduced 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. 28 that reduces the tariff on capital goods (see related state acts). Both resolutions produce 318 ex-tarifários.
⚑ Please report this page in case you detect an inaccuracy in its content.