ANNOUNCED AS TEMPORARYNo
On June 23, 2016, the Brazilian Foreign Trade Council (Camex) issued Resolution 53/2016 increasing by 12% import tariffs on tall oil fatty acids (NCM 3823.13.00). The previous import duty was set at 2% FOB value.
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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