ANNOUNCEMENT 15 Oct 2014
The Chilean Government established applicable reductions on the import tariffs of wheat and wheat or meslin flour.
NUMBER OF INTERVENTIONS
Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 282/2014. 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=1068060
On October 15, 2014, the Chilean Ministry of Public Finance passed the Exempt Decree 282 to establish applicable discounts on customs duties on wheat and wheat or meslin flour for a two-month period starting on October 16, 2014. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 116.19 per tonne of wheat and USD 181.25 per tonne of wheat or meslin flour. 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.