Cacao Chamber rejects tariff exemption for almond imports to serve the domestic market of Brazil

Published 2021년 9월 13일

Tridge summary

The Sectorial Chamber of the Cocoa Productive Chain of the Ministry of Agriculture in Brazil has rejected a request by the National Association of Cocoa Processing Industries (AIPC) to exempt import tariffs on almonds, despite concerns of potential shortages and increased demand for cocoa derivatives. The chamber's decision was based on data showing that the domestic market has sufficient stock to handle non-drastic crop failures. The final decision will now be referred to the Ministry, which will forward it to the Foreign Trade Chamber (Camex). In the meantime, the import of almonds to Brazil will continue to be subject to a 10% import tax.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Brasília (13/09/2021) – The Sectorial Chamber of the Cocoa Productive Chain of the Ministry of Agriculture rejected, in an extraordinary meeting on Friday (10), a request made to exempt import tariffs on almonds to supply the domestic market. The Confederation of Agriculture and Livestock of Brazil (CNA) participated in the meeting. The request to exempt import tariffs on raw or roasted cocoa beans was made by the National Association of Cocoa Processing Industries (AIPC). AIPC's request was based on Mercosur's GMC Resolution No. 49/19, which allows the reduction of the import tariff to 0 or 2%, for a predetermined volume and period, not exceeding 365 days. The order required a 0% tariff reduction for the import of 86 thousand tons of the product within 365 days after the order was approved. The claimed volume is aimed at serving the domestic market. It refers to an additional volume to imports already carried out in the drawback modality, which requires the re-export of the ...

Source: Cnabrasil