ANNOUNCEMENT 19 Nov 2014

In November 2014, 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, news item of 19 December 2014: http://www.mdic.gov.br/sitio/interna/noticia.php?area=2&noticia=13546

Camex resolution no. 116 of 18 December 2014, published in Official Gazette of 19 December 2014: http://pesquisa.in.gov.br/imprensa/jsp/visualiza/index.jsp?jornal=1&pagina=4&data=19/12/2014

Revoked Camex resolution no. 71 of 14 September 2010, published in Official Gazette of 16 September 2010: http://www.camex.gov.br/legislacao/interna/id/701

Ministry of Development, Industry and Trade, 38th Additional Protocol of the Economic Complementation Agreement (ACE) nr. 14, article 6, page 5: http://www.mdic.gov.br/arquivos/dwnl_1214501483.doc


Inception date: 19 Nov 2014 | Removal date: open ended
Still in force

Import tariff

On 18 December 2014, the Brazilian Foreign Trade Council (Camex) issued Resolution no. 116 decreasing the import duty on 111 codes of the Mercosur Common Nomenclature (NCM) related to automotive parts. The resolution revokes the preceding regulation on automotive parts in Camex Resolution no. 71 of 2010.
 
The tariffs were reduced from 20%, 18%, 16%, 14% and 10% to 2%. This was done in accordance with the 38th Additional Protocol of the Economic Complementation Agreement (ACE) nr. 14 between Brazil and Argentina. The agreement allows for a reduction of the customs duty for automotive parts to 2% in case there is no domestic production of the good.
 
The goods in question have also been classified as ex-tarifários which are products with a tariff exception to the Mercosur Common External Tariff. The goal of this is to restructure Brazil's industrial park and infrastructure services by incentivizing investments in capital or IT and telecommunication goods. An exception from the Mercosur Common External Tariff can usually be invoked in case of a shortage or no domestic production of the good in question.