Global Trade Alert
Global Trade Alert

Brazil: Import tariff increase for 5 iron and steel products (February 2024)

Announcement

14 Feb 2024

In February 2024, the Brazilian government modified the import duties of 5 products in Annex II of Resolution No. 272 adopted in November 2021. This Annex corresponds to the different import duties from the common external tariff (TEC) that the MERCOSUR Member States can maintain under article 50, item "d", of the 1980 Montevideo Treaty.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

15 Feb 2024

Revocation date:

No revocation date

Import tariff In force

On 14 February 2024, the Executive Committee of the Brazilian Foreign Trade Chamber (GECEX) issued Resolution No. 555 increasing the import duties of steel products classified under 5 six-digit tariff...

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