Brazil Tariff Hike on 100 Products Enters into Effect; No MERCOSUR Objections
Brazil’s temporary tariff hike on 100 products took effect Oct. 1, after no MERCOSUR customs union members protested Brazil’s action during the allotted 15-day period, said Brazil’s Ministry of Development, Industry, and International Trade. Affected products include tires, auto parts,…
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kitchenware, footwear, and paper. The tariff increases of up to 25 percent will be in effect for a period of one year, after which they may be extended until Dec. 31, 2014. The list of products is available here. (See ITT’s Online Archives 12091321 for summary of announcement that Brazil would seek the tariff hikes.)