ANNOUNCEMENT 28 Mar 2015

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 80/2015. 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=1075783

Inception date: 01 Apr 2015 | Removal date: 30 Apr 2015

Import tariff

On March 28, 2015, the Chilean Ministry of Public Finance passed the Exempt Decree 80 to establish new applicable discounts on customs duties on sugar for a one-month period starting on April 1, 2015. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 47.99 per tonne of raw sugar; USD 124.33 per tonne of refined sugars qualified as Grade 1 or 2; and USD 78.52 per tonne of refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 75.63, USD 137.65 and USD 100.45 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