Brazil cuts import tax to zero on nearly 700 products

At its 236th regular meeting last Thursday (April 30), the Executive Management Committee of Brazil’s Foreign Trade Chamber (Gecex-Camex) cut the import tax to zero on 692 products and approved measures aimed at strengthening Brazilian industry in sectors such as metallurgy, packaging and electric battery production.

Among the tariff reductions are medicines for diabetes and for the prevention of chemotherapy side effects, as well as proteins used in nutritional supplements, products used in air traffic control and inputs for detergent manufacturing.

Most of the tariff cuts apply to capital goods and information technology and telecommunications goods, covering 685 items used in industrial processes that have no domestic production in Brazil.

The full set of decisions is available on Camex’s website.

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