The Business Times

Brazil president signs decree easing gun import, ammo limits

Published Tue, May 7, 2019 · 11:30 PM

[BRASILIA] Brazil's right-wing President Jair Bolsonaro signed a decree on Tuesday to ease restrictions on gun imports and increase the amount of ammunition a person can buy.

The decree had initially been designed to ease restrictions for collectors, marksmen and hunters - allowing, for example, the carrying of loaded guns to shooting clubs - but was expanded to include other provisions.

Previously, imported arms were banned if there was a similar domestic-made product.

"We also broke the monopoly," Mr Bolsonaro said during a signing ceremony at the presidential palace. "You couldn't import, and now we have ended this."

Mr Bolsonaro campaigned on a law-and-order platform that included easing restrictions on guns, and he had already signed a decree in January to make it easier to own a gun.

His supporters have cheered the move as allowing for self-defense in violence-plagued Brazil, but others fear putting guns in more people's hands will hurt public safety.

Tuesday's decree raised a limit on ammunition purchases to 5,000 cartriges per year for normal guns, with restricted arms being limited to 1,000 cartridges per year.

Mr Bolsonaro said the decree would take effect in 30 days, allowing time to discuss tax issues for imported guns with the Economy Ministry.

Shares in Brazilian arms maker Taurus SA rose 10.45 per cent to 3.70 reais in Tuesday trading.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Consumer & Healthcare

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here