Brazil Updates List of Tariff-Exempt Capital, Telecommunications Goods
Brazil added 333 items to its list of foreign capital goods and information technology and telecommunications goods subject to duty-free treatment under its Ex-Tarifario regime, the Hong Kong Trade Development Council reported Oct. 7. The 311 added capital goods are classified in Harmonized System chapters 84, 85 and 90, while the 22 added IT and telecom goods are classified in chapters 84 and 85. Duty-free treatment lasts through Dec. 31. Brazil also removed 19 items from the list, HKTDC said.
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Brazil also established or renewed tariff-rate quotas on several imports to correct a lack of domestic supply, including sodium metabisulfite, PET sheets, certain lead and certain aluminum foil. In‑quota shipments generally will benefit from duty‑free treatment for a period of 365 days. The country also modified its list of exceptions for IT and telecom goods to provide duty‑free treatment for certain products.