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3. The Foreign Trade Chamber (CAMEX) at the Ministry of Economy updated the list of capital goods (BK) – GECEX Resolution n. 131/2020 – and computer and telecommunications goods (BIT) – GECEX Resolution n. 132/2020 – subject to the temporary exemption on import duties granted by the “ex-tariff” regime.

The Foreign Trade Chamber (CAMEX) at the Ministry of Economy updated the list of capital goods (BK) – GECEX Resolution n. 131/2020 – and computer and telecommunications goods (BIT) – GECEX Resolution n. 132/2020 – subject to the temporary exemption on import duties granted by the “ex-tariff” regime.

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The “ex-tariff” regime establishes temporary exemption on import duties, applied by Mercosur’s Common External Tariff (TEC, in the Portuguese acronym), for approved products under the capital goods (BK) and computer and telecommunications goods (BIT) special tariff line classification.

The Foreign Trade Chamber (CAMEX) at the Ministry of Economy updated the list of approved BK products (GECEX Resolution n. 131/2020) and BIT products (GECEX Resolution n. 132/2020) composing the “ex-tariff” regime.

The system aims at boosting investments in BK and BIT products with no domestic equivalent, enabling the incorporation of technologies that do not exist in Brazil. The expected results are an increase in productivity and competitiveness and the multiplier effect of employment and income on several segments of the national economy.