ANNOUNCEMENT 29 Jun 2016
The Chilean Government has modified the applicable reductions on the import tariffs of raw sugar and refined sugar.
NUMBER OF INTERVENTIONS
Ministry of Treasury. Ministerio de Hacienda. Decreto Exento 227/2016. https://www.leychile.cl/Navegar?idNorma=1091940
On June 29, 2016, the Chilean Ministry of Public Finance passed the Exempt Decree 227/2016 approving temporary discounts on the applicable import tariffs of several different sugar products. In the case of raw sugar, the applicable discount was USD 147.16 per tonne. For grade 1 and 2 refined sugar, the pertinent reduction was USD 252.85 per tonne, whereas, for grade 3 and 4 sugar and other subcategories, the established discount was USD 189.43 per tonne. Previously applicable discounts were USD 97.54, USD 216.73 and USD 145.22 per tonne respectively.
This measure had a one-month duration.