On January 30, the Undersecretary of Commercial Strategy of the Chamber of Foreign Trade’s Executive Secretariat (STRAT-CAMEX) opened a public consultation on a request for reducing the Import Tax of certain toys classified under heading 9503 of the Mercosur Common Nomenclature (NCM). The request was submitted by Hasbro do Brasil, which requests a reduction from the current 35% rate – the maximum allowed by the World Trade Organization – to 20%.
The products classified in heading 9503 and subject to public consultation are:
- Tricycles, scooters, pedal cars, doll’s carriages and similar wheeled toys;
- Dolls representing human creatures;
- Toys that represent animals or other creatures;
- Electric trains, including tracks and accessories;
- Construction sets and constructional toys;
- Puzzles;
- Toy musical instruments and apparatus;
- Other toys.
Any change, if made, shall apply only to the Brazilian import tax rate, and will not imply any change in the Mercosur Common External Tariff[2].
Interested parties may express themselves by following the guidelines available on the authority’s website until 17 March 2020, by means of an electronic form.
