Brazil Lowers Duties on Additional Products
25 May 2018
Brazilian authorities have announced the addition of 238 items to a list of foreign capital goods and information technology and telecommunications goods that benefit from duty-free treatment under the Ex-Tarifario regime, down from 14 or 16 percent. Of this total, 214 items are capital goods and the remaining 24 are IT and telecom goods. The capital goods covered by this action are classified in HS chapters 84, 85, 89 and 90, while subject IT and telecom goods are classified in HS chapters 84, 85 and 90. Subject merchandise will benefit from duty-free treatment through 31 December 2019, with the exception of one item that will benefit from such treatment through 31 December 2018.
In a separate action, 12 items have been added to the list of automotive parts that benefit from a reduced two percent duty, down from 18 percent. Additionally, tariff-rate quotas have been established for a period of 12 months on imports of duloxetine hydrochloride and potassium clavulanate classified under NCM 3003.90.89 to correct a lack of supply in the Brazilian market. In-quota imports will benefit from duty-free treatment up to a 24 tonne limit, while out-of-quota merchandise will face regular rates of duty.
Lastly, Brazil is seeking input from interested parties by 14 June on a number of proposed changes to the Mercosur tariff schedule, including duty reductions for various products.
- Central & South America