BRAZIL CUTS IMPORT DUTIES ON 970 ITEMS, ADDS CROP PROTECTION INPUTS

Brazil’s trade committee (Gecex/Camex) removed import duties on 970 items lacking sufficient domestic supply, covering capital goods, IT/telecom and strategic inputs. The list includes fungicides and insecticides, a key move for agriculture given reliance on imported crop protection products. Some exemptions were renewed, while others reverse tariff hikes introduced in February, with temporary zero rates of up to four months. The policy aims to lower production costs and address supply bottlenecks across industry and farming. Final price effects will depend on FX, logistics and pass-through, but near-term availability of critical inputs is expected to improve.
Source: O Presente Rural com Agência Brasil