Federal decree establishes rules that may be applied when imports from a country with which Brazil has a trade agreement cause serious harm to domestic industry.
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The Brazilian government temporarily removed tariffs on 421 capital goods and IT products and 638 types of auto parts. Additionally, 20 industrial and agricultural inputs will now enter the country duty-free.
Brazil’s Foreign Trade Chamber has approved an import tax exemption for nine types of food, as previously announced by the federal government, along with measures to facilitate the entry of palm oil into the country. The measure is set to take effect on Friday (14).
Decision by Foreign Trade Chamber was published on Thursday (7) on the Official Gazette. Health minister said vaccination is expected to start later this month.
