On the 9th local time, the Executive Management Committee of the Brazilian Foreign Trade Commission made a decision to exempt import tariffs on 628 types of machinery and equipment products, which will continue until December 31, 2025. The committee stated that the tax exemption policy will allow companies to import machinery and equipment products worth over $800 million, benefiting enterprises from industries such as metallurgy, electricity, gas, car manufacturing, and paper making. It is reported that among these 628 types of machinery and equipment products, 564 are in the manufacturing industry category and 64 are in the information technology and communication category. Before implementing the tax exemption policy, Brazil had an import tariff of 11% for this type of product. (New News Agency)