ANNOUNCED AS TEMPORARYYes
On October 14, 2017, the Chilean Ministry of Public Finance passed the Exempt Decree 353/2017 establishing new applicable discounts on customs duties on wheat and wheat or meslin flour for a two-month period starting on October 16, 2017. The new law established different reductions on the ad valorem customs duties. The applicable discounts are USD 64.52 per tonne of wheat and USD 100.65 per tonne of wheat or meslin flour. The previously applicable discounts were USD 59.69 and USD 93.11 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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