The Brazilian government is set to discuss a proposal that would temporarily eliminate tariffs on corn and soy imports from countries outside the Mercosur trade bloc, as recently happened with rice, a staple of the Brazilian diet.
The matter will be decided during a meeting of Gecex, a technical body within the Economy Ministry.
The possible tariff exemption comes amid record high prices for both grains in Brazil, squeezing Brazilians whose incomes have already been hit hard by the coronavirus pandemic.
The Economy Ministry confirmed there would be a Gecex meeting, but otherwise declined to comment. Brazil's Agriculture Ministry also declined to comment.
Brazil's Economy Ministry decided in early September to cut tariffs on rice imports to zero through the end of the year, amid record high prices for that grain.
The levy on corn and soy imports from outside Mercosur, which includes Paraguay, Uruguay and Argentina, is currently 8%. Brazil has recorded record exports of soy and corn, and has been purchasing the produce from Mercosur members.
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The price increase is not to blame for exports. The Bolsonaro government is to blame, which practically extinguished CONAB, which regulated the stocks that led to price regulation.Oct 17th, 2020 - 01:04 pm -1
Brazil does not have a policy focused on social demands. Only the rich, like me, manage to have a life in Brazil.
The extreme right knows only how to destroy. On the other hand, it is brave enough to burn the Pantanal and the Amazon.