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ANNOUNCEMENT 10 Aug 2016
The Government of Colombia eliminated 21 tariff lines from the list of raw materials and capital goods not produced locally exempted of import tariffs.
NUMBER OF INTERVENTIONS
1
SOURCE
Colombian Ministry of Trade, Industry and Tourism. Ministerio de Comercio, Industria y Turismo. Decreto 1287 de 10 de agosto de 2016. Available at: http://www.mincit.gov.co/loader.php?lServicio=Documentos&lFuncion=verPdf&id=79472&name=DECRETO_1287_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
On August 10, 2016, the Colombian Ministry of Trade, Industry and Tourism issued Decree 1287 eliminating 21 tariff lines from the list of raw materials and capital goods not produced locally exempted of import tariffs. The new import duty has been set as established in Decree 4927/2011 with values of 5% and 10% depending on the product.
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).