IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 11 Sep 2013 | Removal date: open ended
Still in force

Import quota

On 11 September 2013, Colombia's Ministry of Commerce, Industry and Tourism adopted Decree no. 1962 suspending the preferential margin scheme stipulated in the ACE no. 59 agreement and instead introducing temporary import quotas on Argentinian oils. The preferential margins are part of the Economic Complementation Agreement no. 59 (ACE No. 59) with Ecuador, Argentina, Brazil, Paraguay and Uruguay and have already been suspended once, in April 2013, in favor of import quotas (see 'Related Measures').
 
Decree no. 1962 establishes the following measures:

  • Suspend, during a period of 21 months, the application of the tariff preference established under the ACE no. 59.
  • Introduce an import quota, equivalent to an annual volume of 6,267,180 kilos for HS code 1507.9090, and 12,012,026 kilos annually for HS code 1512.1910. For the Argentinian oils imported under this quota shall be subject to the preferential margin established in the ACE no. 59.

 
The measure came into force with its publication in the Official Gazette no. 48.910 on 11 September 2013.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

216 Vegetable oils
1507 Soyabean oil and its fractions, whether or not refined, but not chemically modified.
150710 Crude oil, whether or not degummed
150790 Other
1512 Sunflowerseed, safflower or cottonseed oil and fractions thereof, whether or not refined, but not chemically modified.
151211 Crude oil
151219 Other
151229 Other

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