ANNOUNCEMENT 21 Aug 2012

In August 2012, the government of Brazil announced a change in import duties.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Ministry of Development, Industry and Trade (MDIC) press release of 21 August 2012 (in Portuguese): http://www.mdic.gov.br/sitio/interna/noticia.php?area=1&noticia=11743

Camex resolution no. 61 of 20 August 2012, Official Gazette of 21 August 2012, p. 29-30 (in Portuguese): http://pesquisa.in.gov.br/imprensa/jsp/visualiza/index.jsp?jornal=1&pagina=29&data=21/08/2012


Inception date: 21 Aug 2012 | Removal date: 20 Dec 2013
Still in force

Import tariff

On 21 August 2012, the Brazilian Foreign Trade Council (Camex) reduced the import tariffs for 28 types of goods belonging to the IT and telecommunication sector to 2%. Out of the 28 goods, seven are new products with a reduced tariff while the remaining 21 items 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. 61, came into power on 21 August 2012 and lasts until 31 December 2013.
 
On 24 September 2012, Camex resolution no. 68 reduced the tariff for some capital goods from 2% to 0% (see also 'Related Measures'):

  • Ex 003 of NCM 8525.50.29 (Ex = ex-tarifário, NCM = Mercosur Common Nomenclature)
  • Ex 003 of NCM 8525.60.90
  • Ex 002 of NCM 8528.49.21
  • Ex 013 of NCM 9030.89.90.