Brazil reduces import tariff of packaging products

2022-08-08
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Brazil reduced import tariffs on packaged products

following the decision of the Brazilian Foreign Trade Commission to reduce import tariffs on 1600 mechanical and electrical products on December 17, the scope of tax reduction was expanded by about 200 on December 26. In the list of 00 commodities, the clamping force of 18 fixtures will produce error of test data with wear, mainly including electromechanical products in eight industrial fields: information, telecommunications, pharmaceuticals, food, metallurgy, steel, packaging, and pulp. These 1800 commodities refer to the products that Brazil can not produce or can not meet the production needs. The tax rate is reduced by 10 percentage points, and the cold-rolled strip as the main raw material is reduced from 14% to 4%. The validity period of the new tariff is 2 years, from December 26, 2003 to December 31, 2005. Tax rate may be adjusted during the period

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