5 March 2019
Brazil Lowers Duties on Additional Products
Brazilian authorities have announced that 539 items have been added to or will remain in the 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. Of this total, 506 items are capital goods and the remaining 33 are IT and telecom goods. The capital goods covered by these actions are classified in HS chapters 82, 84, 85, 86, and 90, while subject IT and telecom goods are classified in HS chapters 84, 85 and 90. Many of these goods, which will benefit from duty-free treatment through 30 December 2020, could potentially be imported from mainland China and/or Hong Kong.