Brazil reduced import rates to zero for ethanol, staple foods, machinery and IT supplies/n

The zero-rated products are ethanol, sugar, ground coffee, margarine, cheese, pasta and soybean oil. The objective was to ease inflationary pressures arising from the pandemic context, further aggravated by the conflict between Russia and Ukraine, with significant repercussions on international price levels, especially for oil, whose impact on transportation costs affects a significant portion of the goods consumed by the Brazilian population across the board.