ANNOUNCEMENT 27 Feb 2015

The Chilean Government announced new reductions on 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 49/2015. 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=1075084

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

Import tariff

On February 27, 2015, the Chilean Ministry of Public Finance passed the Exempt Decree 49 to establish new applicable discounts on customs duties on sugar for a one-month period starting on March 1, 2015. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 75.63 per tonne of raw sugar and USD 100.45 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 70.50 and USD 97.64 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

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

Import tariff

On February 27, 2015, the Chilean Ministry of Public Finance passed the Exempt Decree 49 to establish new applicable discounts on customs duties on sugar for a one-month period starting on March 1, 2015. The new law established different reductions on the ad valorem customs duties. The applicable discount for refined sugars qualified as Grade 1 or 2 was USD 137.65 per tonne. The previously applicable discount was USD 138.34 per tonne.

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