ANNOUNCEMENT 13 Dec 2017
The Government of Brazil announced the temporary elimination of import tariffs on 1044 capital goods.
NUMBER OF INTERVENTIONS
Brazilian Foreign Trade Council. Câmara de Comércio Exterior. Resolução 90, de 13 de Dezembro de 2017. Available at: http://www.camex.gov.br/component/content/article/62-resolucoes-da-camex/em-vigor/1950-resolucao-n-90-de-13-de-dezembro-de-2017
WTO. (26 July 2013). Trade Policy Review, Report by the Secretariat, Brazil. Report prepared for the sixth Trade Policy Review of Brazil. Document WT/TPR/S/283/Rev., p. 53, para. 3.38
Available at: https://www.wto.org/english/tratop_e/tpr_e/s283_e.pdf
On December 13, 2017, the Brazilian Foreign Trade Chamber (Camex) issued Resolution No. 90 eliminating import tariffs on 1044 capital goods. According to the WTO database, previous duties were ranged between 5% and 17.5% depending on the product. These values apply from December 13, 2017, and January 1, 2018, until December 31, 2018, and June 30, 2019, depending on the good.
The tariffs were reduced under Brazil's ex-tarifário regime, which allows temporary customs duty exceptions under the Mercosur Common External Tariff on capital and IT goods. Such an exception can be invoked in case the good in question has no domestically produced equivalent. The goal of this is to restructure Brazil's industrial park and infrastructure services (see WTO Trade Policy Review).
The measure was additionally introduced simultaneously with Camex Resolution No. 91 that reduces the tariff on capital goods (see related state act). Both resolutions produce 1113 ex-tarifários.