IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 28 Nov 2019 | Removal date: open ended

Import tariff

On 13 November 2019, the Colombian government approved Decree 2051/2019 which lowered the import tariffs applicable to vehicles with gas engines and eliminated the import tariffs for electric engines.

For the case of motor vehicles with gas engines, the applicable import tariff was reduced from 15%-35% to 5%.

For the case of motor vehicles with electric engines, the applicable import tariff was indefinitely eliminated (0%) from previous levels of 35%. This represents the factual elimination of import tariffs for electric vehicles. 

According to the Colombia Vice-minister of Foreign Trade, “these types of decisions seek to reduce polluting emissions of CO2 and are in line with the Paris Agreement, which aims to reduce greenhouse gas emissions by 20%.”

The new import tariffs entered in force on 28 November 2019, fifteen days after the publication of the measure.

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.
870322 Of a cylinder capacity exceeding 1,000 cc but not exceeding 1,500 cc
870323 Of a cylinder capacity exceeding 1,500 cc but not exceeding 3,000 cc
870324 Of a cylinder capacity exceeding 3,000 cc
870390 Other
8704 Motor vehicles for the transport of goods.
870431 g.v.w. not exceeding 5 tonnes
870490 Other

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