Brazil Lowers Import Tariffs on Certain Goods
Brazil is establishing tariff rate quotas on a range of imports and reducing import tariffs “to correct a lack of supply in the Brazilian market,” according to a July 19 report from the Hong Kong Trade Development Council. Certain products…
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-- including insecticides, “monochloroacetic acid,” polyester yarn, acrylic filament tow and certain vaccines -- will have their tariff rates reduced to 2 percent for one year, the report said. The reduced rates for each item will take effect at different times, ranging from July to December.