ANNOUNCEMENT 29 Jul 2016

The Government of Colombia temporarily eliminated import tariffs on 10 tariff lines.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Colombian Ministry of Trade, Industry and Tourism. Ministerio de Comercio, Industria y Turismo. Decreto 1230 de 29 de julio de 2016. Available at: http://www.mincit.gov.co/loader.php?lServicio=Documentos&lFuncion=verPdf&id=79476&name=DECRETO_1230_DE_2016.pdf&prefijo=file

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: 29 Jul 2016 | Removal date: 16 Aug 2017
Still in force

Import tariff

On July 29, 2016, the Colombian Ministry of Trade, Industry and Tourism issued Decree 1230 adding 10 tariff lines to the list of raw materials and capital goods not produced locally and thus exempted of import tariffs and published in Decree 1625/2015. The new temporary import duty has been set at 0%. The previous applicable tariff duties were those established on Decree 4927/2011 and ranged between 5% and 10% depending on the item. The new values are valid until August 16, 2017.

 

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).

AFFECTED SECTORS

 

AFFECTED PRODUCTS