ANNOUNCEMENT 29 Oct 2012
On October 29, 2012, the Brazilian Foreign Trade Council following a Decision of Mercosur's Council issued Resolution 76 modifying MERCOSUR's Common External Tariffs.
NUMBER OF INTERVENTIONS
Brazil Foreign Trade Council. Secretaria-Executiva da Câmara de Comércio Exterior. Resoluçao No. 76 de 29 de Octubro de 2012. Available at: http://www.camex.gov.br/component/content/article/62-resolucoes-da-camex/em-vigor/1133-resolucao-n-76-de-29-de-outubro-de-2012
In Resolution 76, the Brazilian Foreign Trade Council eliminated the import duty on non-pure-breed breeding live bovine animals (NCM 0102.90.00). The previous duty was set at 2%.
List of Exceptions to the Common External Tariff
The tariff codes were included in the List of Exceptions to the Common External Tariff (LETEC) of Mercosur, which is a mechanism that allows member states of Mercosur to apply customs duties that are lower or higher than otherwise listed in the Mercosur Common External Tariff schedule.
However, the tariffs shall not surpass the ceilings given by the WTO. Mercosur Decision CMC no. 26/15 gives Brazil the right to maintain a list of 100 codes based on the Mercosur Common Nomenclature until 31 December 2021.