ANNOUNCED AS TEMPORARYNo
On July 20, 2017, the Brazilian Foreign Trade Council issued Resolution 55 incorporating ethane to the list of exceptions to MERCOSUR's Common External Tariff. The newly established import duty was set at 0% while previously, the applicable duty was set at 2%. The rest of saturated hydrocarbons included in the same tariff line continue enjoying a 2% import duty.
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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