BRAZIL

Following a strong recession and an economic crisis fuelled by falling commodity prices, Brazil has started to see the beginning of a slow recovery. Brazil’s ability to carry out much needed fiscal reforms at all levels of government will determine whether investor confidence increases going forward. In March 2018, Invest Hong Kong (Invest HK) and Apex-Brazil signed an MoU in Sao Paulo aimed at enhancing mutual co-operation in generating more direct investment between the two regions. More

Brazilian authorities have announced the addition of 576 items to a list of foreign capital goods and IT and telecom goods that benefit from duty-free treatment under the Ex-Tarifario regime. In addition, duties on a range of additional products have been lowered. More

Topics: Mexico’s AD Probe of Polyester Staple Fibre Moves Forward; Brazil Begins Sunset Review on Loudspeakers; More

Brazil is seeking input from interested parties by 21 December on a proposal to lower to two percent the Mercosur common external tariff on 305 chemical substances of HS Chapters 28 and 29. These products currently face an MFN duty ranging from four to 14 percent, with most items subject to a 10 or 12 percent tariff. More