ANNOUNCEMENT 31 Oct 2016
On October 31, 2016, the Brazilian Foreign Trade Chamber decided to temporarily reduce the import tariffs on a selected number of steel goods to 2%. Previously these goods' import tariffs used to be 14%.
NUMBER OF INTERVENTIONS
The Brazilian Foreign Trade Chamber's website (CAMEX), Camara de comercio exterior Resoluçao Nº 108, De 31 De Outubro de 2016,
On October 31, 2016, the Brazilian Foreign Trade Chamber (Camara de Comercio Exterior do Brasil) announced a temporary cut in the import tariffs of a selected number of steel-based goods and parts and set them to 2%. These goods previous import tariffs were set to 14% previously.
This measure has been implemented under the Ex-Tarifarios (ET) regime which allows for provisional temporary import tariff changes for selected goods to be set to 2%. They are announced periodically by the Brazilian Foreign Trade Chamber and are temporary in nature, lasting only 2 years. Such goods tariff rates may be renewed again under the ET program.