By Bernardo Caram
BRASILIA, March 17 (Reuters) – Brazil’s government will automatically cut import tariffs in April on capital and technology goods affected by a duty hike earlier this year if companies claim there is no domestic production by the end of this month, a senior official said.
“This initial process is automatic. A company that submits a request and argues there is no national production will receive the reduction immediately,” said Uallace Moreira, industrial development secretary at the Development, Industry and Trade Ministry.
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($1 = 5.2032 reais)
(Reporting by Bernardo Caram; Writing by Marcela Ayres; Editing by Hugh Lawson)
