ANNOUNCEMENT 28 Feb 2018

On February 28, 2018, the Brazilian Foreign Trade Council (i.e. CAMEX by its acronym in Portuguese), issued Resolution 9 modifying the List of Exceptions to the Mercosur Common Externa Tariff.

NUMBER OF INTERVENTIONS

2

  • 0 harmful
  • 0 neutral
  • 2 liberalising

SOURCE

Brazilian Foreign Trade Council. Câmara de Comércio Exterior. Resolução 9, de 28 de Fevereiro de 2018. Available at: http://www.camex.gov.br/component/content/article/62-resolucoes-da-camex/em-vigor/1983-resolucao-n-09-de-28-de-fevereiro-de-2018

Inception date: 28 Feb 2018 | Removal date: open ended
Still in force

Import tariff

CAMEX Resolution 9 issued on February 28, 2018, eliminates the import duty set on NCM 8479.50.00 by including this tariff line in the List of Exceptions to the Common External Tariff. The applicable import duty on this product as set on the Mercosur Common External tariff would be 14%, however, thanks to Mercosur Decision CMC no. 26/15 the Government of Brazil has the right to change this import duty.

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. LETEC 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 LETEC of 100 codes based on the NCM until 31 December 2021. Due to this restriction, Brazil had to retrieve a number of other goods, as noted above.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
Inception date: 28 Feb 2018 | Removal date: 30 Jun 2018
Still in force

Import tariff quota

Resolution 9 issued by CAMEX on February 28, 2018, increased the 0% import duty quota on unalloyed aluminium from 346,000 to 353,000 tonnes. The new quota applies until June 30, 2018. The import duty outside the quota is 6% and in order to modify it, NCM 7601.10.00 has been introduced in the List of Exceptions to the Common Externa Tariff.

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. LETEC 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 LETEC of 100 codes based on the NCM until 31 December 2021. Due to this restriction, Brazil had to retrieve a number of other goods, as noted above.