ANNOUNCED AS TEMPORARYNo
Resolution 11 issued on February 28, 2018, by the Brazilian Foreign Trade Council (i.e. CAMEX by its acronym in Portuguese), created 7 new eight-digits tariff lines with reduced import duties. The affected tariff lines were NCM 3003.90.24, 3004.90.14, 8532.21.20, 8532.24.20, 8536.90.60, 8541.10.22 and 8541.10.29. The new duties range between 0% and 2% while previously, import tariff set on these products ranged between 6% and 16%.
This resolution was issued to incorporate MERCOSUR's Resolutions 31/17, 32/17, 34/17 and 35/17.
These changes enter into force on July 1, 2018.
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