ANNOUNCED AS TEMPORARYYes
On August 21, 2017, the Brazilian Foreign Trade Council (Camex) issued Resolution No. 69 eliminating the import tariff on 312 capital goods until June 30, 2019, and 4 capital goods until December 31, 2017.
According to the WTO, previous import duties set on these products were set at 5%, 6%, 7%, 8%, 10%, 12%, 14%, 15%, 16%, 35%, 56%, 84%, 105%, 467%, 875%, 914%, 933%, 1067%, 1167%, 1371%, 15467% and 1514% depending on the product.
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. 70 that reduces the tariff on products from the IT and telecommunications sector (see related state act). Both resolutions produce 322 ex-tarifários.
On 5 June 2018, the Camex issued Resolution 38 revoking from July 1, the temporary import duty decrease set on tariff lines NCM 8407.21.90 and NCM 8407.29.90 (please, see related estate acts).
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