Colombia: Reduction of MFN import duties applicable to certain type of machinery, equipment, and parts used for mining and for hydrocarbons extraction.
Description
On March 3, 2011, the Government of Colombia published a decree reducing the Most Favored Nation (MFN) import duties applicable to products classified under 17 tariff lines of the Colombian Harmonized System (CHS).
The Colombian legislation establishes that certain type of machinery, equipment, and parts used for the mining industry, including the extraction of hydrocarbons, can benefit from exemptions to the import duties for a 5 year period.
This decree reduces in 50% the MFN duties applicable to goods classified under the following tariff lines: 3917239000, 3917310000, 3917329900, 3917331000, 3917339000, 3926903000, 3926904000, 3926909090, 8428109000, 8428200000, 8428320000, 8428330000, 8428390000, 8504211900, 8504221000, 8504319000 and 8504330000.
These reductions will apply from March 3, 2011 through August 16, 2015.
Any Evidence-Based Deliberation:
| Question | Result |
|---|---|
| Is there anything in the public record to suggest that evidence of the effectiveness of the proposed measure was considered during official deliberations? | |
| Is there any evidence that alternatives to the proposed measure were considered? | |
| Is there anything in the public record that suggests that empirical evidence informed the comparison across the alternatives available to government? | |
| Was such evidence identified? | |
| Is such evidence publicly available? | |
| Did the official decision-maker in question provide an explanation as to why a chosen measure was favoured over alternatives? | |
| Is there any evidence to suggest that potentially affected trading partners were consulted before the measures were taken? | |
| Is there any evidence that safeguards have been put in place to ensure that implementation of the initiative is transparent and non-discriminatory? | |
| Did the government state its intention to review the measure within one year of implementation? |
Date Discovered:
Implemented: Yes
Date of inception: 3 Mar 2011
Duration: 53 months
GTA Evaluation: Green
Source:
Decreto 562/2011 available at: http://www.iqom.com.mx/documents/0311/DOF%20Col%203mzo2011%20franquicia.pdf
Government Response:
- 614 reads
