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
1
SOURCE
The Brazilian Foreign Trade Chamber's website (CAMEX), Camara de comercio exterior Resoluçao Nº 108, De 31 De Outubro de 2016,
http://www.camex.gov.br/legislacao/interna/id/1621
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.