ANNOUNCEMENT 07 Jul 2016

The Government of Colombia eliminated 143 tariff lines from the list of raw materials and capital goods not produced locally and which are exempted from import tariffs. As a result 80 tariff lines experienced an increase in the import duties.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Colombian Ministry of Trade, Industry and Tourism. Ministerio de Comercio, Industria y Turismo. Decreto 1084 de 7 de julio de 2016. Available at: http://www.mincit.gov.co/loader.php?lServicio=Documentos&lFuncion=verPdf&id=79480&name=DECRETO_1084_DE_2016.pdf&prefijo=file

WTO (2017). Trade Monitoring Database. Retrieved on 19 July 2017 from http://tmdb.wto.org

Colombian Ministry of Trade, Industry and Tourism. Ministerio de Comercio, Industria y Turismo. Decreto 4927 de 26 de diciembre de 2011. Available at: http://wsp.presidencia.gov.co/Normativa/Decretos/2011/Documents/Diciembre/26/dec492726122011.pdf

Inception date: 07 Jul 2016 | Removal date: open ended
Still in force

Import tariff

On July 7, 2016, the Colombian Ministry of Trade, Industry and Tourism issued Decree 1084 eliminating 143 tariff lines from the list of raw materials and capital goods not produced locally. The products on the list were exempted from import tariffs. The new import duty has been set as established in Decree 4927/2011 with values of 5%, 10% and 15% depending on the product. In total, 80 tariff lines have been affected by the increase in import duties.

 

List of raw materials and capital goods not produced locally exempted of import tariffs
On August 15, 2013, the Colombian Ministry of Trade, Industry and Tourism issued Decree 1755/2013 establishing a list of raw materials and capital goods not produced locally exempted temporarily of import tariffs. The tariff lines included in the list enjoy a 0% import duty for a two-year period starting on August 15, 2013.

However, on August 14, 2015, the Colombian Ministry of Trade, Industry and Tourism issued Decree 1625/2015 launching again a similar list with products enjoying a 0% import duty for a two-year period starting on August 16, 2015. 

Since then, the list has been updated on several occasions (please, see related state acts).