Brazilian Government improves policies to stimulate imports for industry

The Ministry of Industry, Development and Foreign Trade, has ratified mechanisms in order to reduce the import tax of a number of industrialized goods.

This mechanism affects automatically 435 capital goods that find no equivalent production in Brazil and also includes 10 categories of goods used in the computer industry and telecommunication. The areas affected by this mechanism foresee investments around 1.4 billion dollars in the market, after the sector reduces costs with these equipment.

This measure has dropped the import tax of the affected products to 2% currently, from the 16% due before the validation of the mechanism. It will allow the industrial market to develop and improve itself, bringing along correlated sectors.

Other than the ones mentioned above, a number of sectors will be privileged, such as food, construction, woodcraft and obviously, associated areas.