In March 2016, the government of Brazil announced a change in import tariff quotas.



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Ministry of Development, Industry and Trade, press release of 28 March 2016 concerning Resolution No. 23 of 24.03.2016:¬icia=14408

Camex resolution No. 23 of 24 March 2016, published in the Official Gazette of 28 March 2016:

Inception date: 28 Mar 2016 | Removal date: 28 Mar 2017

Import tariff quota

On 28 March 2016, the Brazilian Foreign Trade Council (Camex) issued Resolution No. 23 revising the list of auto parts not produced in Brazil and, in this case, including a number of new products to the list. The import tariff of these new products are temporarily reduced to 2% and with annual quotas that varies depending on the subject good. The measure is in force for a period of 12 months.

The list was additionally revised by Resolution No. 24 published on the same day, see related measure. Both resolutions combined include 61 new products on the list reducing the tariff from 18%,16% and 14% to 2%. The goods in question were included in Camex resolution no. 116/2014 which regulates the import tariff of automotive parts and is based on the 38th Additional Protocol of the Economic Complementation Agreement (ACE) between Brazil and Argentina.