Brazil Zeroes Import Tariffs on 970 Items, Sets New Antidumping Duties

Overview

• Gecex-Camex, which met Thursday, zeroed import taxes on 970 capital goods and tech items, including 779 routine renewals and 191 reversals of hikes approved earlier this year.
• The list also covers medicines for diabetes, Alzheimer’s, Parkinson’s and schizophrenia, plus farm pest controls, textile inputs, hops and hospital nutrition supplies.
• Officials said they granted relief after companies showed no local equivalent or not enough supply to meet demand.
• Requests stay open until March 30, and the 191 electronics will carry a zero rate for four months while the government completes its review.
• In the same meeting, the committee set five-year antidumping tariffs on ethanolamines from China and polyethylene resins from the United States and Canada, fixing polyethylene at earlier provisional levels to avoid extra strain on buyer costs.