ANNOUNCEMENT 15 Jun 2011
The Chilean Government has passed a law reducing the applicable tariffs on imports of wheat and wheat or meslin flour.
NUMBER OF INTERVENTIONS
Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 554/2011. 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=1026411
On June 15, 2011, the Chilean Ministry of Public Finance passed the Exempt Decree 554 to establish applicable discounts on customs duties on wheat and wheat or meslin flour for a two-month period starting on June 16, 2011. The new law established different reductions on customs duties. The applicable discounts were USD 181.10 per tonne of wheat and USD 282.52 per tonne of wheat or meslin flour. Previously, there were no applicable discounts.
The objective of this decree is to establish a relative margin for internal prices to fluctuate in comparison to the international market.