ANNOUNCEMENT 18 May 2012In May 2012, the government of Brazil announced a change in import duties.
NUMBER OF INTERVENTIONS
Ministry of Development, Industry and Foreign Trade (MDIC) press release of 18 May 2012 (in Portuguese): http://www.mdic.gov.br/sitio/interna/noticia.php?area=1¬icia=11545
Camex resolution no. 34 of 17 May 2012, Official Gazette of 18 May 2012, p. 6-16 (in Portuguese):
On 18 May 2012, the Brazilian Foreign Trade Council (Camex) reduced the import tariffs of 220 capital goods to 2%. For an additional capital good, the import tariff was reduced to 4%. The products have been labeled as ex-tarifários, i.e. products with a tariff exception to the Mercosur Common External Tariff (TEC).
On 5 November 2012, Camex removed elevator guides (Ex 015 of NCM 8431.31.10; NCM, i.e., Mercosur Common Nomenclature) from the list of capital goods with tariff reduction. For the remaining products, the measure was in place until 31 December 2013.