ANNOUNCED AS TEMPORARYYes
Import tariff quota
Resolution 9 issued by CAMEX on February 28, 2018, increased the 0% import duty quota on unalloyed aluminium from 346,000 to 353,000 tonnes. The new quota applies until June 30, 2018. The import duty outside the quota is 6% and in order to modify it, NCM 7601.10.00 has been introduced in the List of Exceptions to the Common Externa Tariff.
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. LETEC 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 LETEC of 100 codes based on the NCM until 31 December 2021. Due to this restriction, Brazil had to retrieve a number of other goods, as noted above.
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