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Brazil Lowers Duties on Additional Products

Brazilian authorities announced on 1 September the addition of 215 items to a list of foreign capital goods and information technology and telecommunications goods that benefit from reduced duty or duty-free treatment under the Ex-Tarifario regime. Of this total, 206 items are capital goods (194 are new and 12 are renewals) and the remaining 12 are IT and telecom goods. Classified in HS chapters 84, 85, 86, 87, 89 and 90, the capital goods will benefit from a reduced duty of two percent through 31 December 2017. The IT/telecom goods, which are classified in HS chapters 84, 85 and 90, will also benefit from a reduced duty of two percent through 31 December 2017.

Brazil’s Foreign Trade Chamber (CAMEX) indicates that 35.95 percent of the goods benefiting from the duty reductions under resolutions 85/2015 and 86/2015 originate in the United States, 25.67 percent originate in mainland China, 12.29 percent originate in the United Kingdom and 6.28 percent originate in France. The railway sector is expected to benefit the most from this action, followed by the energy, services, petrochemical, naval/nautical, logistics and capital goods sectors.

Separately, CAMEX has extended through the end of 2015 the reduction from 35 percent to zero of the import duty on road tractors for semi-trailers having certain characteristics and classified under NCM 8701.20.00. Moreover, a tariff-rate quota of 5,692,698 kilogrammes has been established for a period of 180 days from 1 September for certain plates, sheets, film, foil and strip of poly(vinyl butyral) classified under NCM 3920.91.00. In-quota imports will benefit from a reduced duty of two percent while out-of-quota merchandise will be subject to a regular most-favoured-nation rate of 16 percent.

Content provided by Picture: HKTDC Research
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