ANNOUNCED AS TEMPORARYYes
On October 17, 2017, the Brazilian Foreign Trade Chamber (Camex) issued Resolution No. 81 eliminating import tariffs until June 30, 2019, on 150 capital goods.
According to the WTO database, previous duties were set at 6%, 7%, 10%, 12%, 13%, 14%, 15%, 35%, 56%, 105%, 467%, 875%, 933%, 1067%, 1167%, 1292% 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. 80 that reduces the tariff on capital goods (see related state act). Both resolutions produce 153 ex-tarifários.
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