ANNOUNCEMENT 13 Mar 2014In March 2014, the government of Brazil announced a change in import duties.
NUMBER OF INTERVENTIONS
Camex, news item of 17 March 2014 (in Portuguese): http://www.camex.gov.br/noticias/ler/item/412
Camex resolution no. 20 of 13 March 2014, published in Official Gazette of 17 March 2014: http://pesquisa.in.gov.br/imprensa/jsp/visualiza/index.jsp?data=17/03/2014&jornal=1&pagina=2&totalArquivos=116
On 13 March 2014, the Brazilian Foreign Trade Council (Camex) issued Resolution no. 20 reducing the import tariffs on 404 capital goods from 14% to 2%. 277 of the goods are new ex-tarifários while the remaining 127 have been extended.
An ex-tarifário is tariff exception to the Mercosur Common External Tariff. The stated purpose of this is to restructure Brazil's industrial park and infrastructure services by incentivizing investments in capital or IT goods. Such an exception can be invoked in case of a shortage or no domestic production of the good in question.
The measure took effect on 17 March 2014 and lasts until 31 December 2015.