ANNOUNCEMENT 13 Jun 2016
The Chilean Government has modified the applicable reductions on the import tariffs of wheat and wheat or meslin flour.
NUMBER OF INTERVENTIONS
Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 224/2016. Aplica rebajas de derechos de aduana para la importación de trigo y harina de trigo o de morcajo (tranquillón). https://www.leychile.cl/Navegar?idNorma=1091628
On June 16, 2016, the Chilean Public Finance Ministry passed the Exempt Decree 224 to establish new applicable discounts on customs duties on wheat and wheat or meslin flour for a two-month period starting on June 16, 2016. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 72.72 per tonne of wheat and USD 113.44 per tonne of wheat or meslin flour. The previously applicable discounts were USD 65.61 and USD 97.38 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.