ANNOUNCED AS TEMPORARYYes
On April 13, 2017, the Chilean Ministry of Public Finance passed the Exempt Decree 114 establishing new applicable discounts on customs duties on wheat and wheat or meslin flour for a two-month period starting on April 16, 2017. The new law established different reductions on the ad valorem customs duties. The applicable discounts are USD 57.62 per tonne of wheat and 89.89 USD per tonne of wheat or meslin flour. The previously applicable discounts were USD 51.46 and USD 80.28 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.
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