In December 2014, the government of Brazil announced a change in import duties.



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Ministry of Development, Industry and Trade, news item of 19 December 2014:¬icia=13547

Camex resolution no. 118 of 18 December 2014, published in Official Gazette of 19 December 2014:

WTO. (26 July 2013). Trade Policy Review, Report by the Secretariat, Brazil. Report prepared for the sixth Trade Policy Review of Brazil. Document WT/TPR/S/283/Rev., chapter 3, p. 53:,117449,116768,69487,72511,66569,44287,2296,16131,36240&CurrentCatalogueIdIndex=0&FullTextSearch=

Inception date: 19 Dec 2014 | Removal date: 18 Jun 2016

Import tariff

On 18 December 2014, the Brazilian Foreign Trade Council (Camex) issued Resolution no. 118 decreasing the import tariff on 636 capital goods from 16% to 2%. Out of the 636 capital goods, 291 are new while 345 have been renewed. The measure took effect on 19 December 2014 and lasts until 30 June 2016.
The tariffs were reduced under Brazil's ex-tarifário scheme which allows capital and IT-goods a temporary customs duty exception to the Mercosur Common External Tariff. Such an exception can be invoked in case the good in question has no domestically produced equivalent (see WTO Trade Policy Review).
The measure was introduced simultaneously with Camex Resolution no. 117 which reduces the tariffs on IT goods (see 'Related Measures' or measure Nr.8715).