{"id":288901,"date":"2021-02-18T17:57:09","date_gmt":"2021-02-18T20:57:09","guid":{"rendered":"https:\/\/anba.com.br\/?p=288901"},"modified":"2021-02-18T17:57:09","modified_gmt":"2021-02-18T20:57:09","slug":"brazil-slashes-bicycle-import-tariff","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/brazil-slashes-bicycle-import-tariff\/","title":{"rendered":"Brazil slashes bicycle import tariff"},"content":{"rendered":"<p>S\u00e3o Paulo \u2013 Brazil will slash its bicycle import tariff from 35% to 30% starting March. The rate will then drop to 25% in July and finally 20% in December. The move was made public this Thursday (18) on the Federal Gazette and announced by president Jair Bolsonaro on social media last Wednesday (17).<\/p>\n<p>The decision of the Foreign Trade Chamber (Camex)\u2019s Executive Managerial Committee will bring the rate back to the level provided for under the Mercosur\u2019s Common External Tariff (CET). Brazil had added bicycles to the CET exceptions list in 2011, raising the rate to 35% to encourage domestic manufacturing.<\/p>\n<p>Although significant amounts of bicycles are made in the Manaus Industrial Hub area, Brazil\u2019s imports of the product far exceed domestic output. January saw 56,981 bicycles made in the Hub, up 44.6% from December 2020 and 1% year-on-year in January, the Brazilian Motorcycle, Moped and Bicycle Manufacturers Association (Abraciclo) reported.<\/p>\n<p><strong>Translated by Gabriel Pomerancblum<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-288896\">Douglas Magno\/AFP<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The import rate on bikes will drop gradually starting March, from a current 35% to 20% in December.<\/p>\n","protected":false},"author":2316,"featured_media":288896,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[114],"tags":[1970,5509,2189,28984,7209,6068],"class_list":{"0":"post-288901","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-abraciclo","9":"tag-bicycle","10":"tag-import","11":"tag-imposto-de-importacao-en","12":"tag-tariff","13":"tag-tax"},"wps_subtitle":"The import rate on bikes will drop gradually starting March, from a current 35% to 20% in December. ","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/288901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=288901"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/288901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/288896"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=288901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=288901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=288901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}