Tag: Mercosur External Common

• Tuesday, May 31st 2022 - 10:52 UTC

  Elimination of a “Brazil cost” item represents a further 1,5 percentage point reduction in tariffs

  

  The Brazilian government is drafting a presidential decree to change tax revenue mechanisms, which the economic team argues it will lead to a 1.5 percentage point reduction in the rates levied on all imported products. This is part of president Bolsonaro's administration policy of (gradually) opening the Brazilian economy to foreign competition.