ANNOUNCEMENT 29 Dec 2014

The Chilean Government announced new reductions on the import tariffs on raw and refined sugar.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 381/2014. 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=1072955

Inception date: 01 Jan 2015 | Removal date: 31 Jan 2015

Import tariff

On December 29, 2014, the Chilean Ministry of Public Finance passed the Exempt Decree 381 to establish new applicable discounts on customs duties on sugar for a one-month period starting on January 1, 2015. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 88.62 per tonne of raw sugar; USD 155.82 per tonne in refined sugars qualified as Grade 1 or 2; and USD 115.50 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 102.23, USD 174.92 and USD 131.30 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.

AFFECTED SECTORS

 

AFFECTED PRODUCTS