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Brazil Seeks Input on Duty Reductions for 305 Chemical Substances

Brazil is seeking input from interested parties by 21 December on a proposal to lower to two percent the Mercosur common external tariff on 305 chemical substances of HS Chapters 28 and 29. These products currently face a most-favoured-nation duty ranging from four to 14 percent, with most items subject to a 10 or 12 percent tariff.

The list of products under consideration was put forward by Argentina and Uruguay at the 22-26 October meeting of the Mercosur Technical Committee No. 1 (CT-1), which is tasked with examining tariff reduction requests. It follows an earlier proposal by Brazil, which was approved by Argentina and Uruguay at the CT-1 meeting, lowering Mercosur-wide tariffs on 55 additional products of particular interest to the Brazilian chemical sector. Reducing the duty burden on imported chemical substances has been the subject of extensive discussions at the Mercosur level, with CT-1 taking the lead on this matter. Brazilian authorities note that this kind of tariff reduction exercise could be extended to other sectors.

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