ANNOUNCED AS TEMPORARYNo
On May 26, 2015, the Permanent Delegation of Brazil to the WTO announced that the Brazilian Foreign Trade Council (Camex) had issued Resolution 6 on January 28, 2015, reducing import tariffs from 12% to 2% on certain antibiotics (NCM 2941.90.92).
List of Exceptions to the Common External Tariff
The tariff codes were included in the List of Exceptions to the Common External Tariff (LETEC) of Mercosur, which is a mechanism that allows member states of Mercosur to apply customs duties that are lower or higher than otherwise listed in the Mercosur Common External Tariff schedule.
However, the tariffs shall not surpass the ceilings given by the WTO. Mercosur Decision CMC no. 26/15 gives Brazil the right to maintain a list of 100 codes based on the Mercosur Common Nomenclature until 31 December 2021.
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