ANNOUNCEMENT 28 Apr 2017
The Government of Chile reduced the applicable reductions on the import tariffs on raw and refined sugar.
NUMBER OF INTERVENTIONS
Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 130/2017. 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=1102294
On April 28, 2017, the Ministry of Public Finance of Chile issued the Exempt Decree 130 establishing new applicable discounts on customs duties on sugar for a one-month period starting on May 1, 2017. The new law established different reductions on the ad valorem customs duties. The applicable discounts set were USD 124.56 per tonne of raw sugar; USD 237.63 per tonne for refined sugars qualified as Grade 1 or 2; and USD 169.78 per tonne for refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 175.54, USD 292.05 and USD 222.14 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.