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Brazil Simplifies Process to Request Exemptions to Common External Tariff

The Brazilian government has established a new simplified process to request exemptions to the Mercosur common external tariff. Temporary exemptions may involve reductions or increases to the common external tariff, provided the applicable World Trade Organisation bound duty rates are not exceeded. Mercosur member states may modify every six months up to 20 percent of the tariff codes included in their respective list of exemptions. Brazil is currently authorised to maintain through 31 December 2021 a list of exemptions with up to 10o tariff codes.

Under the new process, tariff exemption requests will have to be submitted electronically together with any relevant technical documentation and/or catalogues. An additional form is required if a new tariff breakout needs to be created for the product in question. These documents must be accompanied by a letter signed by the legal representative of the petitioning company or entity together with the applicable power of attorney. A technical group will examine the requests and will normally issue a recommendation within 90 days, although that timeline may be extended by an additional 90 days.

Technical group recommendations as of the last business day of May will be considered by the GECEX executive committee at its last meeting of the first half of the year, while technical group recommendations as of the last business day of November will be considered at GECEX’s last meeting of the second half of the year.

Content provided by Picture: HKTDC Research
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