ANNOUNCEMENT 31 Jul 2015

The Government of Chile established new discounts on the import tariff applied to raw and refined sugar.

NUMBER OF INTERVENTIONS

2

  • 1 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 225/2015. 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=1080063

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

Import tariff

On July 31, 2015, the Chilean Ministry of Public Finance passed the Exempt Decree 225 to establish new applicable discounts on customs duties on sugar for a one-month period starting on August 1, 2015. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 110.53 per tonne of refined sugars qualified as Grade 1 or 2 and USD 46.67 per tonne of refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 98.59 and USD 44.90 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 Aug 2015 | Removal date: 31 Aug 2015

Import tariff

On July 31, 2015, the Chilean Ministry of Public Finance passed the Exempt Decree 225 to establish new applicable discounts on customs duties on sugar for a one-month period starting on August 1, 2015. The new law established different reductions on the ad valorem customs duties. The applicable discount for raw sugar was USD 4.09 per tonne. The previously applicable discount was USD 9.11 per tonne.

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