Brazil Updates List of Tariff-Exempt Capital, Telecommunications Goods
Brazil added 359 items to its list of foreign capital goods and information technology and telecommunications goods subject to duty-free treatment under its Ex-Tarifario regime, the Hong Kong Trade Development Council reported July 8. The 276 added capital goods are classified in Harmonized System chapters 84, 85, 86 and 90, while the 83 added IT and telecom goods are classified in chapters 84, 85 and 90. Duty-free treatment lasts through Dec. 31. Brazil also removed 31 items from the list, HKTDC said.
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Brazil also established or renewed tariff-rate quotas on several imports to correct a lack of domestic supply, including p-xilene, polyamide and rubber. The country also added 14 products to the list of medical items that benefit from duty-free treatment due to the COVID-19 pandemic.