BRAZIL

Effective 1 December, Brazil will reduce from 35 percent to 20 percent its MFN duties on toy imports. More

Brazilian company Mundial has established itself as one of the world’s leading producers of knives, kitchenware and personal care products. Since establishing its Asian arm – Mundial Co. Limited – in Hong Kong in 2007, the company has expanded its worldwide network of production facilities and distributors. Their products can now be found across the Asia-Pacific region and the Middle East. Mundial sees the Greater Bay Area as a gilt-edged opportunity for further expansion More

Havaianas, the 58-year-old footwear maker, which took flip-flops global, opened its first Hong Kong office in May last year. Now, after building up a worldwide reputation, which sees 240 million pairs of Havaianas sold in more than 100 countries each year, the Brazilian brand – owned by the Sao-Paulo-based footwear company, Alpargatas – is putting its best foot forward in a bid to make its rubber flip-flops a must-have lifestyle accessory throughout the Greater Bay Area. More

Brazil has announced the addition of 248 items to a list of foreign capital goods and IT and telecom goods that benefit from duty-free treatment under the Ex-Tarifario regime, down from 14 or 16 percent. Additionally, Brazil has made a number of changes to the list of auto parts that qualify for a duty exemption under the special import regime for such products. More