ANNOUNCEMENT 10 Aug 2018
The Government of Brazil eliminated the import duties on 385 capital goods.
NUMBER OF INTERVENTIONS
Brazilian Foreign Trade Council. Câmara de Comércio Exterior. Resolução 55 de 10 de Agosto de 2018. Available at: http://www.camex.gov.br/component/content/article/62-resolucoes-da-camex/em-vigor/2070-resolucao-n-55-de-10-de-agosto-de-2018
On 10 August 2018, the Brazilian Foreign Trade Chamber (Camex) issued Resolution No. 55 eliminating the import tariffs on 385 capital goods enclosed in 139 eight-digits tariff lines. According to the WTO database, previous duties ranged between 6% and 1733% depending on the product. These values apply until 31 December 2018 and 30 June 2020, depending on the product.
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. 54 that reduces the tariff on IT and telecommunications products (see related state act). Both resolutions produce 423 ex-tarifários.