EX-TARIFF

The Ex-Tariff regime consists of a temporary reduction of the Import Tax rate on Capital Goods (BK) and IT and Telecommunication (BIT) goods, as described in the Mercosur Common External Tariff (TEC), when there is no national production equivalent. That is, it represents a reduction in the investment costs. The importance of this regime consists of three key points: it enables increasing investments in capital goods and IT and telecommunications goods that do not have equivalent production in Brazil; it allows for strengthening innovation by companies from different segments in the economy with the incorporation of new technologies and produces a multiplier effect on employment and income for different segments of the national economy.