Brazil’s government to further cut import duties to contain prices

It may cut import tax rates by 10% and add 11 items to the list of exempt products.

RIO DE JANEIRO, BRAZIL - The government is considering a new round of import tax cuts. The idea is to make a general cut of 10%. And the zero rate for 11 products, including food and construction items. This is to curb the rise in prices.

It is possible that the decision will be made at the Gecex (Foreign Trade Chamber Administrative Committee) meeting on Wednesday (11). The cut is proposed by the Ministry of Economy.

Gecex also includes representatives of the Ministry of Foreign Affairs and the Presidency of the Republic.

In March, Gecex decided to set tariffs on six . . .

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