ANNOUNCEMENT 17 Dec 2018

The Government of Brazil introduced certain changes to the list of auto parts without domestic production.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 1 neutral
  • 0 liberalising

SOURCE

Brazilian Foreign Trade Council. Câmara de Comércio Exterior. Resolução 102 de 17 de Dezembro de 2018. Available at: http://www.camex.gov.br/component/content/article/62-resolucoes-da-camex/em-vigor/2163-resolucao-n-102-de-17-de-dezembro-de-2018

Inception date: 17 Dec 2018 | Removal date: open ended

Tax or social insurance relief

On 17 December 2018, the Brazilian Foreign Trade Council has adopted Resolution 102 establishing new procedures to determine whether there is any domestic production of automotive parts that may qualify for a duty exemption under the special import regime.

With the new amendments, the duty exemption will be granted if the benefiting company allocates the funds that should have been used to pay the tariff to carry out research, development, and innovation projects for the development of the automotive industry. 

AFFECTED PRODUCTS

 
N/A