ANNOUNCEMENT 06 Jul 2012In July 2012, the government of Brazil announced a change in import duties.
NUMBER OF INTERVENTIONS
Ministry of Development, Industry and Trade (MDIC), press release of 6 July 2012 (in Portuguese): http://www.mdic.gov.br/sitio/interna/noticia.php?area=1¬icia=11653
Camex Resolution no. 48 of 5 July 2012, published in Official Gazette of 6 July 2012: http://www.camex.gov.br/legislacao/interna/id/938
Camex Resolution no. 121 of 26 December 2013, published in Official Gazette of 27 December 2013: http://www.camex.gov.br/legislacao/interna/id/1174
On 6 July 2012, the Brazilian Foreign Trade Council (Camex) reduced the import tariffs for 550 types of capital goods to 2% and one to 0%. Out of the 551 types of capital goods, 175 are new products with a reduced tariff while the remaining 376 products have been given a renewed status as ex-tarifários.
Such ex-tarifários are goods with a tariff exception to the Mercosur Common External Tariff (TEC). The goal of this exceptional tariff is to incentivize investments in capital or IT goods to restructure Brazil's industrial park and infrastructure services. An ex-tarifário can be invoked in case of domestic shortages or non-production of the desired good.
The measure, Camex resolution no. 48, came into power on 6 July 2012 and lasted originally until 31 December 2013. But on 27 December 2013, Camex resolution no. 121 extended the reduced tariffs for various items until 30 June 2014.
In addition to that, in the meantime various capital goods have been retrieved from the list (see also "Related Measures"):