ANNOUNCEMENT 16 Oct 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 320/2015. 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=1082886
On October 16, 2015, the Chilean Ministry of Public Finance passed the Exempt Decree 320 to establish new applicable discounts on customs duties on wheat and wheat or meslin flour for a two-month period starting on October 16, 2015. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 88.84 per tonne of wheat and USD 138.59 per tonne of wheat or meslin flour. The previously applicable discounts were USD 76.17 and USD 118.83 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.