Trade into Brazil is notoriously difficult. One of the major challenges faced by importers and exporters is dealing with the excess of documents and bureaucratic processes involved in the clearance of cargo.
On top of this, Brazil has a complex customs valuation system aimed at preventing undervaluation and ensuring accurate tax collection. Brazilian customs authorities can impose fines of up to 200% of the value of imported goods for customs violations.
Brazil has further restrictions on second-hand goods. Furthermore, potential tariffs associated with the US-China trade war must be considered if your shipment transits through the United States.
The country is a founding member of Mercosur, a regional trade bloc that includes Argentina, Paraguay, Bolivia, Chile, Colombia, Ecuador, Guyana, Peru, and Suriname, affording free trade movement among members.
Despite the complexity associated with Brazilian customs authorities, several large IT companies have made this country their regional headquarters, with many data center giants found in this territory.