ANNOUNCED AS TEMPORARYYes
On May 5, 2017, the Brazilian Foreign Trade Council (Camex) issued Resolution No. 38 decreasing the import tariff on 188 capital goods. The new duty was reduced to 2% depending on the product. The measure is in force until December 31, 2018.
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. 37 that reduces the tariff on IT products (see related state acts). Both resolutions produce 206 ex-tarifários.
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