IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 07 Jul 2017 | Removal date: 31 Dec 2027
Still in force

Import tariff quota

On June 29, 2017, the Ministry of Commerce, Industry and Tourism of Colombia issued Resolution 1116 reducing the import duties for a certain quota on hybrid and electric cars (HS Codes 8702.40.90.10; 8702.40.90.90, 8703.80.10.00; 8703.80.90.00; 8704.90.51.00 and 8704.90.59.00).

The new import duties quotas for hybrid cars were set at 5% as it follows:

  • 1,500 units for the years 2017, 2018 and 2019;
  • 2,300 units for the years 2020, 2021 and 2022;
  • 3,000 units for the years 2023, 2024, 2025, 2026 and 2027.

The new import duties quotas for electric cars were set at 0% as it follows:

  • 1,500 units for the years 2017, 2018 and 2019;
  • 2,300 units for the years 2020, 2021 and 2022;
  • 3,000 units for the years 2023, 2024, 2025, 2026 and 2027.

The duty outside the quota for both, hybrid and electric cars, is set to 35% FOB value.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

491 Motor vehicles, trailers & semi-trailers; parts
8702 Motor vehicles for the transport of ten or more persons, including the driver.
870290 Other
8703 Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars.
870390 Other

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