Brazil¡®s government cut import tariff rate of 227 capital products
Release time£º2015-09-17 13:01 Source£ºcn.latincomercio.com

On June 6, Brazil’s government announced a new list of products that enjoying lower import tariff rate .Products on the list include capital products (BK), computer and communication products (BIT).From now to December 31,2014,these 227 capital products’ import tariff rate is decreased to 2%.

Brazil’s policy of cutting tariff rate is aimed at reducing costs and encouraging the investment of BK and BIT products which Brazil doesn’t produce. According to the MDIC of Brazil, this new policy will help some enterprises to invest more in technical improvement,and then will boost the other economic filed’s employment and income.