Automotive, Consumer Staples May 24, 2022 09:35 AM (GMT+8)
Brazil's Ministry of economy announced on the 23rd local time that it would cut import tariffs on beans, meat, pasta, biscuits, rice and building materials by 10%, valid until December 31, 2023. The policy will be officially announced in the official gazette on the 24th. This is the second time since November last year that the Brazilian government announced a 10% reduction in tariffs on such goods. According to the data from the Brazilian Ministry of economy, through two adjustments, the import tariff of 87% of the above categories will be reduced by 20%, or directly reduced to zero tariff.
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