ANNOUNCEMENT 15 Dec 2014
The Chilean Government established applicable reductions on the import tariffs of wheat and wheat or meslin flour.
NUMBER OF INTERVENTIONS
Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 376/2014. Aplica rebajas de derechos de aduana para la importación de trigo y harina de trigo o de morcajo (tranquillón). http://www.leychile.cl/Navegar?idNorma=1072731
On December 15, 2014, the Chilean Ministry of Public Finance passed the Exempt Decree 376 to establish new applicable discounts on customs duties on wheat and wheat or meslin flour applicable until February 15, 2015. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 128.26 per tonne of wheat and USD 200.09 per tonne of wheat or meslin flour. The previously applicable discounts were USD 116.19 and USD 181.25 per tonne respectively.
The objective of this decree is to establish a relative margin for internal prices to fluctuate in comparison to the international market.