Brazil Updates List of Tariff-Exempt Capital, IT Goods
Brazil recently added 454 items and removed 603 items from 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 June 3. They include goods classified in Harmonized System chapters 82, 84, 85, 86, 87 and 90, and they will benefit from duty‑free treatment through Dec. 31, 2025.
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Brazil also added to and removed from its list of items exempt from the common external tariff it imposes as part of the South American trading bloc Mercosur, and took a range of other actions to modify certain duties, the HKTDC said. Those changes include a higher tariff on certain “acrylic/modacrylic filament tow” and certain “wind-powered generating sets,” along with duty-free treatment for certain sardines and tariff changes for certain auto parts.