The Committee decides to cancel the taxation until 31 December 2025 of 628 machines and equipment. About 80% of the goods are not produced in Brazil.
The Executive Management Committee (Gecex) of the Foreign Chamber of Commerce has decided to cancel, until 31 December 2025, the import tax on 628 machines and equipment. About 80% of the goods are not produced in Brazil.
According to Camex, the tariff reduction will allow companies to import goods worth more than $800 million. Of the 40 sectors of the economy that will benefit, they are metallurgy, electricity and gas, automobiles, pulp and paper. Most of the products come from the United States, China, Germany and Italy. Of the 628 pieces of equipment that will have zero import taxes, 564 are of industrial production abroad and 64 for information technology and telecommunications.
Gelatin capsules and protein concentrate
The committee also approved an anti-dumping measure for gelatin capsules used in taking medicines and supplements. Thus, the input, which is imported from Mexico and the United States, will be overloaded to avoid damage to the domestic industry.
“After an investigation conducted by the Brazilian authorities of the Department of Trade Defense (Decom) of the Ministry of Foreign Trade (Secex) of the MDIC, the existence of dumping was verified, considered an unfair trade practice”underlines a note from Camex.
The measure will last five years for the ingredient, commonly used in pharmacies, food supplements and veterinary products.
Source: Terra
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