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Mar 13,2023
Local time on March 10,Brazilian Vice President Alckming announced through social media that Brazil will cancel import tariffs on six commodities from the 10th.These six commoditiesIt includes two different types of steel, two types of aluminum plates, a bracelet for measuring blood pressure and pulse, and a radar antenna.
Alckmin said that previously the import tariffs on the above-mentioned goods ranged from 12 to 16 per cent,the mansion will implement a "zero tariff" policy on these categories of goods for some time to come.
brazil is zhongguo's largest trading partner in the latin american market,The pressure on Brazil's economy and trade has led the Zheng government to announce several tariff reductions and exemptions. The last announced tariff reduction involved 6195 products..
According to data released by the Brazilian Bureau of Geography and Statistics (IBGE) on Friday (10th), after rising 0.53 per cent in January, the national broad consumer price index (IPCA) continued to rise 0.84 per cent in February, down slightly from 1.01 per cent in the same period last year. In the past 12 months, the national cumulative inflation rate reached 5.6 percent.
The cumulative inflation rate for the first two months of 2023 was 1.37 per cent. In the February statistics, in addition to the price of clothing goods, the price of the other eight categories of goods has increased by 0.24.
Ba Xi Zheng Prefecture has repeatedly announced tariff reduction and exemption policies
Brazil is China's largest trading partner in the Latin American market. Brazil's economy and trade are still negatively affected by the global environment. Brazil's domestic inflation remains high. In order to stabilize domestic prices and ease inflationary pressures, Brazil has repeatedly introduced policies to reduce tariffs on imported goods.
However, it should be noted that the export of Brazil this country, "no single release" real existence, and suffered similar losses of the enterprise and many.
Brazilian Ports:
Bill of Lading must show freight, TAX ID(CNPJ) of CNEE/NOTIFY, HS CODE, NCM NO. And box tare weight, do not accept electric discharge & SEAWAY BILL & port of destination release, only issue original bill of lading.
1. On May 23, 2022, Brazil's Ministry of Economy announced a reduction of import tariffs on beans, meat, pasta, biscuits, rice and building materials by 10%. The policy covers 87% of all categories of Brazilian importers, covering a total of 6195 items, and will be valid from June 1, 2022 to December 31, 2023. This is the second time since November 2021 that the Pakistani government has announced a 10% reduction in tariffs on such goods. According to data from the Brazilian Ministry of Economy, through two adjustments, the import tariffs on the above-mentioned goods will be reduced by 20%, or directly reduced to zero tariffs.
2. On May 11, 2022, Brazil's Ministry of Economy announced that in order to alleviate the impact of high inflation on production and life in the country, Pakistan's government officially reduced import tariffs on 11 products. Products subject to tariff removal include frozen deboned beef, chicken, wheat flour, wheat, biscuits, bakery products and confectionery, sulphuric acid and corn kernels.
In addition, the import tariff of CA50 and CA60 rebar was reduced from 10.8 per cent to 4 per cent, and the import tariff of mancozeb (fungicide) was reduced from 12.6 per cent to 4 per cent. Products exempted from import duties mainly include basic foodstuffs and civil construction materials.
Specific data are as follows:
Frozen boned beef: from 10.8 percent to zero
Chicken: from 9% to zero
Wheat flour: from 10.8 percent to zero
Wheat: from 9 per cent to zero biscuits: from 16.2 per cent to zero
Other baked and confectionery products: from 16.2 percent to zero
CA50 rebar: from 10.8 per cent to 4 per cent
CA60 rebar: from 10.8 per cent to 4 per cent
Sulfuric acid: from 3.6 percent to zero
Technical zineb (fungicide): from 12.6 to 4 per cent
Corn kernels: from 7.2 percent to zero
3. On April 29, 2022, the Baxi Zheng government issued a decree in the official gazette to increase the tax reduction on industrial products from 25% to 35%. According to the Baxi Zheng government, the reduction of industrial product tax is conducive to the production and sales of a series of industrial products such as metallurgical products, audio-visual equipment, furniture and so on.
4. On March 22, 2022, in order to enhance industrial competitiveness and reduce the impact of inflation on low-income people, the Foreign Trade Commission of the Brazilian Ministry of Economy approved the reduction of import tariffs on some goods. The Baxi prefecture further reduced import duties on capital goods (industrial machinery and equipment) and IT and telecommunications products such as computers, tablets and mobile phones by 10 percent.
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