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Brazil Lowers Duties on Additional Products

Brazilian authorities have announced the addition of 315 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. Many of these goods could potentially be imported from mainland China and/or Hong Kong.

Of this total, 285 items are capital goods and the remaining 30 are IT and telecom goods. The capital goods covered by these actions are classified in HS chapters 82, 84, 85, 86, 87, 90 and 94, 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 2020.

Brazil has also established, due to a lack of supply in the domestic market, a tariff-rate quota for 6,000 tonnes of vinyl chloride-vinyl acetate co-polymers classified under NCM 3904.30.00. In-quota merchandise will benefit from a reduced two percent duty for a period of 12 months while out-of-quota merchandise will be subject to a regular most-favoured nation rate of 14 percent.

Content provided by Picture: HKTDC Research
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