Brazil has cut import tariffs to zero on 509 products

More 118 items to fight coronavirus had their import tariffs reduced, expanding the list of items allowed to enter the Brazilian market without incurring in taxes.

From the Newsroom
newsroom@anba.com.br

São Paulo – Overall, Brazil has cut import tariffs to zero on 509 products, the federal government reported on Monday (18). More 118 products used to fight the coronavirus pandemic had their tariffs reduced, including 80 medicines. The tariffs were reduced by decision of the Foreign Trade Chamber (CAMEX).

The tariff-free products include chemicals like prednisone, which is indicated for the treatment of endocrinal, musculoskeletal, allergic and ophthalmic diseases. The list also includes lead-acid battery, lopinavir, levosimendan, ritonavir, ribarivin, codeine, sterilized water for injections, glucose injectable solutions, 3.5% gelatin solution, 12% glycerin solution, peracetic acid-based cleaning solution, hospital convective warming blanket, and others.

In addition to cutting import taxes, essential products to fight coronavirus also had their Tax on Industrialized Products (IPI) cut to zero, customs clearances on imports have been sped up, imports of some equipment used for intensive care units were allowed, as well as other measures.

Translated by Guilherme Miranda

AFP

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