Gecex Reduces Import Tax for 238 Items Under Ex-Tariff System

The Executive Management Committee of the Foreign Trade Chamber (Gecex-Camex) convened on Tuesday, October 10, for its final meeting of the year, approving a reduction in import tax rates for 238 items under the ex-tariff system—a policy that grants temporary tax reductions for goods not produced domestically—classified as Capital Goods and Information Technology and Telecommunications Goods.

During the meeting, Márcio Elias Rosa, Executive Secretary of the Ministry of Development, Industry, Commerce, and Services (MDIC), emphasized Brazil’s pivotal role in the recently finalized trade agreement between Mercosur and the European Union.

“This is the best possible agreement, not only for commercial reasons but also for its geopolitical significance. Representing 25% of global GDP, it is the second-largest economic trade agreement in the world. Offering an alternative to the prevailing global economic and geopolitical models was a necessary step, fully aligned with Brazil’s public interest. I look forward to its implementation,” said Rosa.

Among the 238 ex-tariff items classified as Capital Goods and Information Technology and Telecommunications Goods, the sectors set to benefit most include electrical machinery, motor vehicle manufacturing, and machinery production.

The Executive Committee also approved a reduction of the import tax rates to 0% under the Common External Tariff Exceptions List (Letec) for firefighting and rescue vehicles at airports and for runway treatment vehicles. Furthermore, within Letec, the committee reduced the import tax on palm oil from 9% to 0% for a quota of 60,000 tonnes over a six-month period.

In response to supply shortages, Gecex approved a 0% import tax for a simultaneous blood pressure monitor for forearms and ankles, used to calculate the ankle-brachial index (ABI). This measure will be forwarded to Mercosur for analysis, and upon approval from other Member States, the products will be incorporated into Brazil’s legal framework through a Gecex resolution.

The committee also decided to forward a proposal to the Mercosur Technical Committee No. 1 (CT-1), which oversees tariffs, nomenclature, and classification of goods, to permanently reduce the Common External Tariff (TEC) for alkyl phosphites from C3 to C13 or alkyl-aromatic phosphites, used as antioxidants and stabilizers in rubber production, from 10.8% to 0% due to regional production shortages.

The full resolutions will be published on the Gecex website in the coming days.

Source: Informativo dos Portos

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