ANNOUNCEMENT 05 Jun 2009In June 2009, the government of Brazil announced a change in import duties.
NUMBER OF INTERVENTIONS
CAMEX Resolution n? 29, from June 5th, 2009- http://www.desenvolvimento.gov.br/arquivos/dwnl_1245177759.pdf
On June 5th, 2009, the Brazilian government announced tariff increase on the ad-valorem import duty from 0% to 12% for steel products classified under the code 7214.20.00 of the Mercosur Common Nomenclature (NCM).
The average bound tariff of the product concerned is 35%.
It is important to note that this product was on the list of exceptions of the Common External Tariff of Mercosur, and now are back to its original rate.