Foreign Trade sets tariff for cargo tire and resin imports

The return of the 16% tariff for importing cargo tires must be published by Tuesday (21) in the Official Gazette. The decision was taken last week by the Executive Management Committee (Gecex) of the Foreign Trade Chamber (Camex), in its first meeting in the new government. According to the agency, the decision revokes Gecex Resolution No. 148, of January 20, 2021, a rule that had zeroed the tariff for importing five models of cargo tires. The body highlights, in a note, that the measure encourages the national manufacture of products. “The measure is good news for national tire manufacturers, who have been facing a drop in production caused by the increase in imports and, with full stocks, threatening to paralyze production and carry out layoffs. With the end of the tax exemption for imported cargo tires, the industry has already signaled the retreat in its dismissal plans”, says the note. Plastic resins In another measure, Gesex decided to recompose the import rates of four plastic resins, raising import tariffs to 11.2% with the removal of products from the List of Exceptions to the Common External Tariff of Mercosur (Letec). The reduction of import taxes had been imposed by resolutions published in July and August of last year for ethylene copolymers, propylene copolymers, PVC obtained by suspension process and Polyethylene terephthalate, PET. “The imposition of tax reductions had harmful consequences for the Brazilian chemical sector, with an increase in imports and a drop in the sale price of domestic resins. The segment had already registered a stoppage in at least one PET resin production line, in Pernambuco”, said Gecex. The full text of the Camex meeting’s deliberations is available on the Camex website.

Agência Brasil