S\u00e3o Paulo \u2013 The Foreign Trade Board (Camex), a Brazilian organisation responsible for policies for the sector, announced on Monday (3) the reduction of import tax on a series of products to avoid shortages on the domestic market.<\/p>\n
Among the tax breaks included is a reduction on the import tax levied on terephthalic acid, or PTA, an input used in the production of plastic resin. The tax levied on the product was reduced from 12% to 0% for the period of 90 days. The benefit is valid for imports of 42,000 tonnes. Brazil imported the equivalent to US$ 460 million of the product from January to October this year.<\/p>\n
Another item whose tax was reduced was caprolactam, raw material for production of nylon, whose tax was reduced from 12% to 2% for 180 days, with an import ceiling of 26,000 tonnes. Brazilian imports of the product totalled US$ 55 million from January to October 2012.<\/p>\n
Camex also zeroed the import tax on blood products like serum albumin and others, items used in the treatment of haemophiliacs.<\/p>\n
The reductions are included in Camex resolutions 84, 85 and 86, published don Monday in the Official Gazette<\/b>. The full text may be viewed, in Portuguese, on link
http:\/\/www.in.gov.br\/visualiza\/index.jsp?jornal=1&pagina=10&data=03\/12\/2012.<\/p>\n
*Translated by Mark Ament<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
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