Question

To protect its own industries brazil brazil imposed heavy taxes
on import what is the tax called

Answer 1

The tax is called the Camex.

The Brazilian Ministry of Agriculture said that the foreign trade room of the country, known as Camex, has approved 20 percent tax on ethanol imports, which was exempted from tax-free quota of 600 million liters per year Will be applied only.

Import of Brazilian ethanol reached 1.29 billion liters in the first half of the year alone, an increase of 330 percent compared to the same period a year ago.

Answer 2

To protect its industries, Brazil imposes a certain kind of tax on import which is known as tariff. As a member of the MERCOSUR Customs Union, it maintains a Common External Tariif(CET) on all imports.

Tariif was increased in 2009 for products such as dairy, textiles, rucksacks, suitcases and toys. High tariff is maintained on U.S. exports of automobiles, information technology, chemicals, apparel and plastics.