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3. The Federal Government reduced in 10% the import duties applied to selected tariff lines classified as capital goods (BK) and computer and telecommunication goods (BIT), seeking to boost market competitiveness. The Foreign Trade Chamber (CAMEX) also updated the lists of approved BK and BIT products subject to temporary import duty exemptions under the “ex-tariff” regime.

The Federal Government reduced in 10% the import duties applied to selected tariff lines classified as capital goods (BK) and computer and telecommunication goods (BIT), seeking to boost market competitiveness. The Foreign Trade Chamber (CAMEX) also updated the lists of approved BK and BIT products subject to temporary import duty exemptions under the “ex-tariff” regime.

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GECEX Resolution n. 173/2021 from the Foreign Trade Chamber (CAMEX) at the Ministry of Economy enacted a general import duty reduction on capital goods (BK) and computer and telecommunication goods (BIT), covering several tariff lines (Mercosur Common Nomenclature Codes – NCM, in the Portuguese acronym). The Federal Government seeks to boost market competitiveness, lowering costs for capital and consumer goods classified as BK and BIT.

The Annex to the resolution lists the NCM Codes subject to the reduction, according to Mercosur’s Common External Tariff (TEC, in the Portuguese acronym) classification, also listing their new import tariff rate. The import duty reduction is described in article 1. NCM Codes that were previously subject to a 2% import tariff rate are now exempt, while those NCM Codes whose import tariff rate ranged from 4 to 16% now range from 3.6% to 14.4%, representing a 10% import duty reduction.

The import duty reduction, provided by GECEX Resolution n. 173/2021, was rectified by GECEX Resolution n. 183/2021, which excluded one NCM Code from that provision.

Furthermore, the Federal Government updated the list of BK and BIT products approved under the “ex-tariff” regime, enacting GECEX Resolution n. 171/2021 (approved BK products) and GECEX Resolution n. 172/2021 (approved BIT products). The regime provides temporary import duty exemptions applicable to listed BK and BIT products.  

The “ex-tariff” regime 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 sectors of the national economy.