Tariffs and the Plano Real In Brazil

This article analyses the economic rationale of Brazil’s tariff policy during the first two years of the Plano Real. To this end, a study is made of the changes made in import duties for all the products traded. The tariff reform process in Brazil was begun in 1988, after the old Tariff Act had been in effect for thirty years, and represented a marked intensification in the process of trade openness, with the definition of a schedule of gradually decreasing tariffs which was further speeded up as from 1990.