ANNOUNCEMENT 28 Aug 2013

The Chilean Government has implemented reductions in the import tariffs on raw and refined sugar.

NUMBER OF INTERVENTIONS

2

  • 1 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 273/2013. Aplica rebajas de derechos de aduana para la importación de azúcar cruda, azúcar refinada grados 1 y 2, y azúcar refinada grados 3 y 4, y subestándares. http://www.leychile.cl/Navegar?idNorma=1053816

Inception date: 01 Sep 2013 | Removal date: 30 Sep 2013
Still in force

Import tariff

On August 28, 2013, the Chilean Ministry of Public Finance passed the Exempt Decree 273 to establish new applicable discounts on customs duties on sugar for a one-month period starting on September 1, 2013. The new law established different reductions on the ad valorem customs duties. The applicable discount per tonne of raw sugar was USD 96.86. The previously applicable discount was USD 94.03 per tonne.

The objective of this decree is to establish a relative margin for internal prices to fluctuate in comparison to the international market.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
Inception date: 01 Sep 2013 | Removal date: 30 Sep 2013
Still in force

Import tariff

On August 28, 2013, the Chilean Ministry of Public Finance passed the Exempt Decree 273 to establish new applicable discounts on customs duties on sugar for a one-month period starting on September 1, 2013. The new law established different reductions on the ad valorem customs duties. The applicable discounts per tonne in refined sugars qualified as Grade 1 or 2 was USD 222.28 whereas per tonne in refined sugars qualified as Grade 3, 4 and other substandard was USD 147.03. The previously applicable discounts were USD 233.30 and USD 149.74 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.