It is with the aim of improving competitiveness and promoting growth, announced the Minister of Economy, Luis Caputo.
He Government announced this Friday that it will launch a reduction of tariffs and taxes for the automotive sector, with the objective of improve competitiveness and boost growth, announced the Minister of Economy, Luis Caputo.
Currently, this sector It has 10% of the total industrial production and generates more than 75 thousand jobs.
The minister also said that “The exemption from export duties for incremental exports that was in force since 2021 will be maintained and the Stock Replenishment (Repostock) regime will be systematized and digitalized.”
These measures “They will allow suppliers to sell parts to the terminals with a reduction in tariffs and taxes and will generate a drop in the cost of national auto parts destined for export.”
In this sense, Caputo pointed out that “tariffs on metal molds used by the automotive industry will rise from 35% to 12.6%, while plastic injection molds will rise from 24% to 12.6%.”
And starting in June, “The Model Configuration License (LCM) tests will also be approved with Brazil so that it is not necessary to duplicate those tests that are already recognized by the neighboring country and vice versa“said the head of the economic portfolio.
Source: Ambito
