Coffee review

Exemption of import duty on coffee and coffee machines in Brazil to create a market to attract investment

Published: 2024-11-08 Author: World Gafei
Last Updated: 2024/11/08, Chinanews.com, April 3-according to Brazilian media reports, the Brazilian government announced on its official website on Wednesday that since April 1, all imported coffee and coffee machines in Brazil can be exempted from customs duties. The previous import tax rates on coffee and coffee machines were announced in the official Gazette, including 10% import duty on coffee and 20% import duty on coffee machines. In addition, Brazil

Chinanews.com, April 3-according to Brazilian media reports, the Brazilian government announced on its official website on Wednesday that since April 1, all imported coffee and coffee machines in Brazil can be exempted from customs duties. The previous import tax rates on coffee and coffee machines were announced in the official Gazette, including 10% import duty on coffee and 20% import duty on coffee machines.

In addition, an agency from the Development Department of the Brazilian Chamber of Commerce for Foreign Trade said: "the main purpose of the government to cut tariffs is to create a market, attract foreign trade investment and add more added value to local products. In addition, according to a statement issued by the agency, the Brazilian government has also adjusted zero tariffs on related products and responded to the policy requirements of the Ministry of Health to establish a market platform for better trade exchanges with countries in the Latin American region. (Liu Rui)

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