Camex zeroes import tax on 628 industrial machines and equipment not produced in Brazil
At a meeting held on Tuesday, May 9, at the MDIC, the Executive Management Committee (Gecex) of the Foreign Trade Chamber (Camex) approved the antidumping measure for gelatin capsules used for taking medicines and the recomposition of the import tariff for protein concentrates. The measure aims to reduce costs for productive investments in Brazil and generate jobs in the most diverse regions of the country and approved the reduction of the import tax to 0% until December 31, 2025, for a set of goods whose average rate is 11%.
The measure will be published in the Federal Official Gazette in the coming days in the form of two new Camex Resolutions: one of them will list 564 items, including industrial machinery and equipment manufactured abroad. The other will include 64 new items for IT and telecommunications goods. Furthermore, according to information from the companies that applied for the benefit, the tariff reduction will favor the import of goods valued at more than 800 million dollars. Investments will be made in more than 40 sectors of the economy, with emphasis on metallurgy; electricity and gas; manufacturing of motor vehicles; manufacturing of machinery and equipment; and the manufacturing of pulp, paper and paper products. Approximately 80% of the equipment with tariff reductions will be imported from the United States, China, Germany and Italy, as there is no domestic production in these cases.
The Gecex meeting also approved the application of antidumping measures for gelatin capsules used for taking medicines and supplements. The input imported from Mexico and the USA will be subject to surtaxes to avoid damage to the Brazilian industry. The product is classified under subitem 9602.00.10 of the Common Nomenclature of Mercosur - NCM.
The executive secretary of the Ministry of Development, Industry, Commerce and Services (MDIC), who chaired the meeting, Márcio Elias Rosa, was present, along with the executive secretary of Camex, Marcela Carvalho, and the secretary of Foreign Trade of MDIC, Tatiana Prazeres, in addition to technicians from the bodies that make up Camex.
Anti-dumping measure gelatin capsules:
After an investigation carried out by Brazilian authorities from the Department of Commercial Defense (Decom) of the Foreign Trade Secretariat (Secex) of the MDIC, the existence of dumping was verified, considered an unfair trade practice. The product subject to the measure is widely used in compounding pharmacies, in the sale of food supplements (nutraceuticals) and in veterinary medicine. The measure will come into effect after publication in the Official Gazette of the Union, in the coming days, and a definitive antidumping measure will be applied for a period of up to five years, in the form of specific rates set (in US dollars) per thousand units (US$/thousand), in amounts ranging from US$ 0.12 to US$ 2.13 per thousand units.
Letec exclusion: protein concentrates:
Gecex also decided to exclude protein concentrates and textured protein substances (NCM 2106.10.00) from the List of Exceptions to the Common External Tariff of Mercosur (Letec). This is because the existence of production capacity in Brazil was verified, in addition to substantial investments in national production lines. This category covers a wide variety of products, such as soy proteins used by athletes.
According to Camex, the inclusion of this product in Letec with a 0% rate caused losses to the domestic industry and therefore, it now returns to the consolidated tariff in Mercosur of 11.2%. This will allow the productive sector to compete on more equal terms of price and continue investing in increasing production capacity and generating jobs and income in the country.
Read more at:
