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Brazil Lowers Duties on Additional Products

Brazilian authorities recently announced the addition of 168 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, 151 items are capital goods (86 new and 65 renewals) and the remaining 17 are IT and telecom goods (five new and 12 renewals). Classified in HS chapters 73, 82, 84, 85, 87 and 90, the capital goods will benefit from a reduced duty of two percent through 31 December 2017 (down from a duty of 14 percent), with the exception of one item that will benefit from such treatment through 31 December 2016. The IT/telecom goods, which are classified in HS chapters 84 and 85, will also benefit from a reduced duty of two percent through 31 December 2017.

Brazil's Foreign Trade Chamber (CAMEX) indicates that 35.24 percent of the goods benefiting from the duty reductions under Resolutions 21/2016 and 22/2016 will help the domestic energy sector, 21.73 percent will benefit the mining sector, 21.29 percent will benefit the rail sector, 7.64 percent will help the automotive parts sector, and 2.92 percent will help the wood and furniture sector. CAMEX adds that 23.29 percent of the goods benefiting from the duty reductions under these resolutions originate in the United States, 22.16 percent originate in Spain, 12.8 percent originate in Germany, 12.7 percent originate in mainland China, 7.97 percent come from Poland, and 3.4 percent come from South Korea.

CAMEX also recently added 61 items, removed five items and modified the description of four items in the list of automotive parts that benefit from a reduced two percent duty, down from 14, 16 or 18 percent. CAMEX has also reduced from 35 percent to zero the import duty on certain electric vehicles for the transport of goods classified under NCM 8704.90.00. In addition, the agency has extended through 3 October 2016 the tariff-rate quota on methanol classified under NCM 2905.11.00, subject to a 225,000 tonne limit. Methanol entered under the TRQ will benefit from duty-free treatment while out-of-quota merchandise will be subject to a regular most-favoured-nation rate of 12 percent.

Finally, CAMEX has rescinded the TRQ it established in August 2015 on up to 20,000 tonnes of certain poly(ethylene) terephthalate classified under NCM 3907.60.00. Imports of subject merchandise had benefited from an in-quota duty of two percent, down from an MFN rate of 14 percent.

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