The Ministry of Economy enacted three resolutions providing the reduction of import tariffs for specific automotive products without domestic equivalent, including self-propelled machinery and disassembled automobiles and light commercial vehicles.
The Foreign Trade Chamber (CAMEX) at the Ministry of Economy enacted three resolutions reducing the import tariffs of specific products of the automotive sector that are not produced domestically, under the framework of the 38th (see Decree n.º 6.500/2008) and 44th (see Decree n.º 10.343/2020) additional protocols to the Economic Complementation Agreement n.º 14.
GECEX Resolution n.º 311/2022 (amended by GECEX Resolution n.º 325/2022) exempted the automotive (self-propelled) products without domestic equivalent listed as capital goods (BK) that comprise items “c”, “f”, “h”, and “i” of article 1 of the 38th additional protocol (see the Annex of Decree n.º 6.500/2008). They comprise 297 products within 22 Mercosur Nomenclature Codes (NCM), including agricultural machinery, excavators, road rollers, and other self-propelled machinery. The products covered by the reduction are listed in the Annex of both resolutions and are also available on CAMEX’s website.
GECEX Resolution n.º 314/2022 provided the reduction of import tariffs for disassembled or partially disassembled automobiles and light commercial vehicles, as described in item “a” of article 1 of the 38th additional protocol (see the Annex of Decree n.º 6.500/2008), without domestic equivalent. Ad valorem tariffs are to be reduced to 18% for new partially disassembled (SKD) automobiles and light commercial vehicles, and 16% for new disassembled (CKD) automobiles and light commercial vehicles (article 3). Interested importers must petition the Ministry of Economy by the end of 2022, adhering to the conditions of article 1 and following the requirements of article 5.
