Brazil to Simplify Importing During Global Events

By Michela DellaMonica and Claire Rivé, Contributing Reporters

RIO DE JANEIRO, BRAZIL — The Brazilian Federal Reserve has introduced a solution for the temporary entry of goods for the FIFA World Cup in June and the 2016 Olympics. Items entering the country needed for international sporting events such as production equipment and sporting gear will now have a simplified import admission system that will allow companies to forgo import taxes and ultimately save time.

Under the new rule, goods will go through a warehouse customs procedure and be admitted only for the duration of the specific events. This system will remain . . .

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