ANNOUNCEMENT 16 Feb 2017
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 45/2017. 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=1100307
On February 16, 2017, the Chilean Ministry of Public Finance passed the Exempt Decree 45 to establish new applicable discounts on customs duties on wheat and wheat or meslin flour for a two-month period starting on February 16, 2017. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 51.46 per tonne of wheat and USD 80.28 per tonne of wheat or meslin flour. The previously applicable discounts were USD 39.53 and USD 61.66 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.