ANNOUNCED AS TEMPORARYNo
Import tariff quota
The Brazilian Foreign Trade Council also revoked several resolutions related to import tariff quotas when it adopted Resolution 82 on 25 October 2018. Concretely, due to the consolidation of the resolutions that constitute the List of Exceptions to the Common External Tariff and the revocation of 124 resolutions dating from 2012 to 2018, certain import tariff quotas have been removed.
Particularly, within the GTA-reportable timeframe, 4 tariffs lines have been removed from the list of products enjoying reduced import duties for a certain quota. In this sense, tariffs have increased from 0% and 2% depending on the product, to values ranging between 6% and 16% depending on the product.
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.
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