Brazil Temporarily Cuts Duties on 502 Tariff Subheadings for Machinery
Brazil is temporarily lowering duty rates on 502 subheadings for machinery and industrial equipment in chapters 82, 84, 85, 86, 87, 89, 90, 94 of the tariff schedule, said Brazil’s Foreign Trade Council. Most duty rates will be reduced from…
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14% to 2%. The reductions will be in effect until Dec. 31, 2015. Currently, over 30% of imports under affected tariff provisions come from the U.S., it said.