Global Trade Alert
Global Trade Alert

Brazil: Modification of import duties on certain medicaments, fertilisers, polymers and railways parts and new import tariff-rate quota for other products (December 2024)

Announcement

17 Dec 2024

In December 2024, the Brazilian government modified Annexes V and VI of GECEX Resolution No. 272 of November 2021. These annexes correspond to the List of Exceptions to the Common External Tariff (LETEC) and the List of Exceptions for Computer and Telecommunications Goods and Capital Goods (LEBIT/BK list).

Source

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Number of interventions

5

2 certainly harmful

0 likely harmful

3 liberalising

List of interventions

Implementation date

01 Jan 2025

Revocation date:

31 Dec 2026

Announced: 17 Dec 2024
Import tariff In force
On 17 December 2024, the Executive Committee of the Brazilian Foreign Trade Chamber (Gecex) published Resolution No. 684 temporarily reducing the import tariff on certain railway parts classified unde...
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Implementation date

01 Jan 2025

Revocation date:

31 Dec 2026

Announced: 17 Dec 2024
Import tariff In force
On 17 December 2024, the Executive Committee of the Brazilian Foreign Trade Chamber (Gecex) published Resolution No. 684 temporarily increasing the import tariff on certain polymers under the NCM code...
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Implementation date

01 Jan 2025

Revocation date:

13 Mar 2025

Removed: 30 Jun 2025
Import tariff quota
On 17 December 2024, the Executive Committee of the Brazilian Foreign Trade Chamber (Gecex) published Resolution No. 684 establishing import tariff-rate quotas for four products, including palm oil, f...
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Implementation date

18 Dec 2024

Revocation date:

No revocation date

Announced: 17 Dec 2024
Import tariff In force
On 17 December 2024, the Executive Committee of the Brazilian Foreign Trade Chamber (Gecex) published Resolution No. 684 increasing the import tariff on certain mineral fertilisers classified under th...
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Implementation date

18 Dec 2024

Revocation date:

No revocation date

Announced: 17 Dec 2024
Import tariff In force
On 17 December 2024, the Executive Committee of the Brazilian Foreign Trade Chamber (Gecex) published Resolution No. 684 eliminating the import tariff on medicaments classified under the NCM code 3004...
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