ANNOUNCEMENT 09 Dec 2016
The Chilean Government has modified the applicable reductions on the import tariffs of wheat and wheat or meslin flour.
NUMBER OF INTERVENTIONS
Ministry of Treasury. Ministerio de Hacienda. Decreto Exento 547. https://www.leychile.cl/Navegar?idNorma=1097762
On December 9, 2016, the Chilean Ministry of Public Finance passed the Exempt Decree 547 to establish new applicable discounts on customs duties on wheat and wheat or meslin flour for a two-month period starting on December 15, 2016. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 39.53 per tonne of wheat and USD 61.66 per tonne of wheat or meslin flour. The previously applicable discounts were USD 53.04 and USD 82.75 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.