15 Nov 2018
Brazil Lowers Duties on Additional Products
Brazilian authorities have announced the addition of 197 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, 187 items are capital goods and the remaining 10 are IT and telecom goods. The capital goods covered by these actions are classified in HS chapters 84, 85, 86, 87, 89 and 90, while subject IT and telecom goods are classified in HS chapters 84 and 85. Subject merchandise will benefit from duty-free treatment through 30 June 2020.
In a separate action, 156 items have been added to the list of automotive parts that benefit from a reduced two percent duty, down from 8, 12, 14, 16 or 18 percent. Additionally, one item has been excluded from that list and the description of another item has been amended.