ANNOUNCEMENT 22 Mar 2022
In March 2022, the Brazilian government modified its List of Exceptions to the Common External Tariff (LETEC) to eliminate import duties on certain food products and ethyl alcohol until 31 December 2022.
NUMBER OF INTERVENTIONS
Diário Oficial da União. Official Gazette of Brazil. "RESOLUÇÃO GECEX Nº 317, DE 22 DE MARÇO DE 2022, Altera o Anexo II da Resolução nº 125, de 15 de dezembro de 2016, da Câmara de Comércio Exterior". https://www.in.gov.br/en/web/dou/-/resolucao-gecex-n-317-de-22-de-marco-de-2022-387969852
On 22 March 2022, the Executive Committee of the Brazilian Foreign Trade Chamber (GECEX) issued Resolution No. 317 temporarily eliminating the import duties for certain food products. The modifications were made through an update of the List of Exceptions to the Common External Tariff (LETEC). Resolution Nº 317 was published on 23 March 2022 and will be valid from the day of its publication until 31 December 2022.
In particular, the measure eliminated the import duties on the following products:
List of Exceptions to the Common External Tariff
The tariff codes were included in the LETEC of Mercosur. LETEC is a mechanism that allows member states of Mercosur to apply customs duties that are lower or higher than otherwise listed in the Mercosur Common External Tariff schedule. However, the tariffs shall not surpass the ceilings given by the WTO.
Mercosur Decision No. 11/21 gives Brazil the right to maintain a LETEC of 100 NCM codes until 31 December 2028.