ANNOUNCEMENT 03 Mar 2011

In March 2011, the government of Colombia announced a change in import duties.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Ministry of Trade, Industry and Tourism. Decree no. 562 of 2 March 2011, published in Official Gazette no. 48.000 of 3 March 2011: http://www.mincit.gov.co/descargar.php?idFile=1860


Inception date: 03 Mar 2011 | Removal date: 01 Aug 2015
Still in force

Import tariff

On March 3, 2011, the Government of Colombia published a decree reducing the Most Favored Nation (MFN) import duties applicable to products classified under 17 tariff lines of the Colombian Harmonized System (CHS).
 
The Colombian legislation establishes that certain type of machinery, equipment, and parts used for the mining industry, including the extraction of hydrocarbons, can benefit from exemptions to the import duties for a 5 year period.
 
This decree reduces in 50% the MFN duties applicable to goods classified under the following tariff lines: 3917239000, 3917310000, 3917329900, 3917331000, 3917339000, 3926903000, 3926904000, 3926909090, 8428109000, 8428200000, 8428320000, 8428330000, 8428390000, 8504211900, 8504221000, 8504319000 and 8504330000.
 
These reductions will apply from March 3, 2011 through August 16, 2015.