ANNOUNCED AS TEMPORARYYes
On February 28, 2018, the Brazilian Foreign Trade Chamber (Camex) issued Resolution No. 15 eliminating the import tariffs on 780 capital goods. According to the WTO database, previous duties ranged between 3.5% and 16% depending on the product. These values apply from February 28, 2018, until December 31, 2019.
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. 14 that reduces the tariff on it and telecommunications products (see related state act). Both resolutions produce 830 ex-tarifários.
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