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LatinNews Daily - 18 September 2019

In brief: Goods to be exempt from import duties in Brazil

* Brazil’s economy ministry has announced that it is removing import duties from 498 capital goods and 34 computing and telecommunications goods, including them in its tax exemption regime (‘ex-tarifário’). The goods covered by these tariff reductions include machines for the production of medicines, medical equipment for examinations and surgery, cranes and tractors for infrastructure projects, and industrial robots. The deputy secretary for commercial strategy in the economy ministry’s foreign trade secretariat (Secint), Fernando Coppe Alcaraz, notes that over 2,300 products have had their import tariffs reduced to 0% since the start of the year, a measure which aims “to incentivise investment and modernisation of Brazilian factories”.

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