ANNOUNCED AS TEMPORARYNo
On 13 March 2017, the Colombian Ministry of Trade, Industry and Tourism has adopted Decree 420/2017 eliminating 36 tariffs lines from the list of raw materials and capital goods not produced locally exempted of import tariffs. As a result, the import duties on tariff lines 4703110000 and 4010120000 have increased from 0% to 5%.
This Decree enters into force fifteen days after its publication on the Official Gazette.
However, on August 14, 2015, the Colombian Ministry of Trade, Industry and Tourism issued Decree 1625/2015 launching again a similar list with products enjoying a 0% import duty for a two-year period starting on August 16, 2015.
Since then, the list has been updated on several occasions (please, see related state acts).
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