ANNOUNCEMENT 14 Apr 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 116/2016. 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=1089344

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

Import tariff

On April 14, 2016, the Chilean Ministry of Public Finance passed the Exempt Decree 116 to establish new applicable discounts on customs duties on wheat for a two-month period starting on April 16, 2016. The new law established different reductions on the ad valorem customs duties. The applicable discount for wheat was USD 65.61 per tonne, whereas the previously applicable discount was USD 62.42 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 Apr 2016 | Removal date: 15 Jun 2016
Still in force

Import tariff

On April 14, 2016, the Chilean Ministry of Public Finance passed the Exempt Decree 116 to establish new applicable discounts on customs duties on wheat and wheat or meslin flour for a two-month period starting on April 16, 2016. The new law established different reductions on the ad valorem customs duties on wheat or meslin flour. The new applicable discount was USD 97.38 per tonne. Previously, the applicable discount was set at USD 102.36 per tonne.

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