ANNOUNCEMENT 13 Aug 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 274/2016. 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=1093604
On August 11, 2016, the Chilean Ministry of Public Finance passed the Exempt Decree 274 to establish new applicable discounts on customs duties on wheat and wheat or meslin flour for a two-month period starting on August 16, 2016. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 45.27 per tonne of wheat and USD 70.63 per tonne of wheat or meslin flour. The previously applicable discounts were USD 72.72 and USD 113.44 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.