ANNOUNCEMENT 15 Jul 2011In July 2011, the government of Brazil announced a change in import duties.
NUMBER OF INTERVENTIONS
Camex resolution no. 51 of 15 July 2011, published in Official Gazette of 18 July 2011: http://www.camex.gov.br/legislacao/interna/id/754
On 15 July 2011, the Brazilian Foreign Trade Council (Camex) issued Resolution no. 51 reducing the import tariffs on six capital goods to 2%.
The goods have been classified as ex-tarifários which aregoods with a tariff exception to the Mercosur Common External Tariff. The goal of the reduced tariff is to restructure Brazil's industrialpark and infrastructure services by incentivizing investments in capitalor IT and telecommunication goods. An exception from the MercosurCommon External Tariff can be invoked in case of a shortage or nodomestic production of the good in question.
The measure took effect on 18 July 2011 and lasted until 31 December 2012.