ANNOUNCEMENT 24 Nov 2015

In November 2015, the government of Brazil announced a change in import duties.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Ministry of Development, Industry and Trade (MDIC), press release of 25 November 2015, 'Camex reduz Imposto de Importa??o para 158 m?quinas e equipamentos industriais': http://www.mdic.gov.br/sitio/interna/noticia.php?area=1&noticia=14189

Camex Resolution no. 111 of 24 November 2015, officially published in the Official Gazette of 25 November 2015: http://camex.gov.br/legislacao/interna/id/1475


Inception date: 25 Nov 2015 | Removal date: 24 Jun 2017
Still in force

Import tariff

On 24 November 2015, the Brazilian Foreign Trade Council (Camex) issued Resolution no. 111 decreasing the import tariff on 20 tariff codes related to goods from the IT and telecommunications sector to 2% (from 8% or 18%). The measure took effect on 25 November 2015 lasts until 30 June 2017.
 
The tariffs were reduced under Brazil's ex-tarifário regime which allows for a temporary customs duty exception to 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 is to restructure Brazil's industrial park and infrastructure services.
 
The measure was introduced simultaneously with Camex Resolution no. 112 which reduces the tariff on capital goods (see measure no. 10474under Related Measures). According to Camex, both measures produce 156 ex-tarifários, out of which 151 are new. The goods are related to projects worth USD 640.4 million.
 
The main affected sectors are automotive (40.65%), petrochemical (12.60%); mining (10.25%), energy (9.74%), telecommunication (3.76%), and capital goods (3.16%).
 
The products' main countries of origin are the USA (76.9%), China (9.03%), Switzerland (4.24%), and Germany (2.88%).