ANNOUNCEMENT 13 Feb 2016

The Chilean Government has modified the applicable reductions on the import tariffs of wheat and wheat or meslin flour.

NUMBER OF INTERVENTIONS

2

  • 1 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 52/2016. Aplica rebajas de derechos de aduana para la importación de trigo y harina de trigo o de morcajo (tranquillón). http://www.leychile.cl/Navegar?idNorma=1087542

Inception date: 16 Feb 2016 | Removal date: 15 Apr 2016
Still in force

Import tariff

On February 13, 2016, the Chilean Ministry of Public Finance passed the Exempt Decree 52 to establish new applicable discounts on customs duties on wheat and wheat or meslin flour for a two-month period starting on February 16, 2016. The new law established different reductions on the ad valorem customs duties. The applicable discount for wheat was USD 62.42 per tonne. The previously applicable discount was USD 66.39 per tonne.

The objective of this decree is to establish a relative margin for internal prices to fluctuate in comparison to the international market.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
Inception date: 16 Feb 2016 | Removal date: 15 Apr 2016
Still in force

Import tariff

On February 13, 2016, the Chilean Ministry of Public Finance passed the Exempt Decree 52 to establish new applicable discounts on customs duties on wheat and wheat or meslin flour for a two-month period starting on February 16, 2016. The new law established different reductions on the ad valorem customs duties. The applicable discount for wheat or meslin flour was USD 97.38 per tonne. Previously, there was no applicable discount.

The objective of this decree is to establish a relative margin for internal prices to fluctuate in comparison to the international market.