ANNOUNCEMENT 16 Jun 2015
The Chilean Government 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 176/2015. 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=1078484
On June 16, 2015, the Chilean Ministry of Public Finance passed the Exempt Decree 176 to establish new applicable discounts on customs duties on wheat and wheat or meslin flour for a two-month period starting on June 16, 2015. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 84.40 per tonne of wheat and USD 131.66 per tonne of wheat or meslin flour. The previously applicable discounts were USD 96.81 and USD 151.02 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.