The Brazilian government’s Foreign Trade Council (CAMEX) on Monday published two resolutions slashing tariffs on capital goods and on products used for telecommunications and Internet technology. Altogether, the council reduced tariffs to zero on 160 capital goods and 10 classes of IT and telecommunications products. The zero- tariff order will remain in place through June 30, 2020. In most cases, the goods in question were deemed not to have domestic equivalents. The zero-tariff imports will meet needs of domestic manufacturers and consumers.
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