Pandemic Reveals High Tariffs and Importation Cost in Brazil

Among the world's leading economies, Brazil's pre-pandemic average import tariff of 9.8% was second only to India's 11.6%. The US average tariff was 0.9%, while in the EU it was 1.5%.

RIO DE JANEIRO, BRAZIL - In the dispute between countries to acquire supplies to tackle the novel coronavirus pandemic, Brazil was hit by high import tariffs and dependence on the foreign market in the medical-hospital sector.

Before zeroing the import tax on a number of goods, as of March 17th, the country applied an average tariff of 9.8 percent on imports of products in the sector, twice the average (4.8 percent) of 130 countries included in the World Trade Organization (WTO), according to data compiled by the Brazilian Institute of Economics of the Getúlio Vargas Foundation (Ibre . . .

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