Camex zeroes import tax on 50 medical products needed to help fight coronavirus

On Tuesday (17/3), the Executive Management Committee of the Foreign Trade Chamber (Camex) for the Economic Ministry approved import taxes to be fully waived for 50 medical and hospital products that are necessary to fight the Covid-19 pandemic. The measure is part of a package announced by Brazil’s Economic Minister, Paulo Guedes, to serve the population and minimize the economic impacts of the pandemic in Brazil. The list, covers products that had a total import value of approximately US$1.3 billion in 2019.

This includes products such as medical-hospital gloves, that were previously subject to an import tax of up to 35%. Other items that qualified for zero import tariffs were alcohol gel, masks, clinical thermometers, protective clothing against infectious agents, safety glasses and breathing equipment, amongst others. The import tax on these items has been set to zero until September 30, 2020.

The resolution also stipulated that agencies and Federal Public Administration entities prioritise these medical items whilst carry out tasks of licensing, control or inspectiing imports of these items. The measure (Resolution No. 17, of March 17, 2020) came into force as it was published in the Official Gazette on Wednesday (18/03).

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