Brazil Updates List of Tariff-Exempt Capital, Telecommunications Goods
Brazil added 225 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 said in a July 30 report. Many of the items, which include 98 capital goods and 127 IT and telecom goods, potentially could be imported from mainland China and Hong Kong, the report said. The goods are classified in Harmonized System chapters 82, 84, 85 and 90. The goods will benefit from duty-free treatment though Dec. 31, 2021.
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Brazil removed 44 capital, IT and telecom goods from the list. It renewed tariff-rate quotas (and reduced duty to 2% for 12 months) on imports for four products: certain sodium metabisulfite (starting Sept. 18, 2020), silicone hydrogel contact lenses (starting Sept. 18, 2020), certain aluminum foil (starting Aug. 1, 2020), and certain aluminum alloy sheet and strip (starting Aug. 1, 2020).