ANNOUNCEMENT 29 Apr 2015

In April 2015, the government of Brazil announced a change in import duties.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Camex, 30 April 2015, press release on Camex Resolution no. 29/2015:
http://www.camex.gov.br/noticias/ler/item/573

Camex resolution no. 29 of 29 April 2015, published in Official Gazette of 30 April 2015, p. 40: http://pesquisa.in.gov.br/imprensa/jsp/visualiza/index.jsp?data=30/04/2015&jornal=1&pagina=40&totalArquivos=240


Inception date: 30 Apr 2015 | Removal date: 29 Dec 2015
Still in force

Import tariff

On 29 April 2015, the Brazilian Foreign Trade Council (Camex) issued Resolution no. 29 decreasing the import tariff on 10 tariff codes related to goods from the IT-sector. The tariffs were reduced from 16% and 10% to 2%.The measure took effect on 30 April 2015 lasts until 31 December 2015.
 
The tariffs were reduced under Brazil's ex-tarifário scheme which allows for a temporary customs duty exception to the Mercosur Common External Tariff on capital and IT goods. Such an exception can be invoked in case the good in question has no domestically produced equivalent. The goal of this policy is to restructure Brazil's industrial park and infrastructure services.
 
The measure was introduced in conjunction with Camex Resolution no. 30/2015 which reduces the tariff on capital goods (see measure no. 9398 under Related Measures).