ANNOUNCEMENT 16 Jul 2015
The Common Market Council of MERCOSUR temporarily allows the Member States to increase import tariffs above the Common External Tariff.
NUMBER OF INTERVENTIONS
OAS Foreign Trade Information System. Sistema de Información de Comercio Exterior de la OAS. MERCOSUR/CMC/DEC. Nº 27/15. Available at: http://www.sice.oas.org/Trade/MRCSRS/Decisions/DEC_027-2015_s.pdf
On July 16, 2015, the Council of the Common Market of Mercosur issued Decision no. 27/15, allowing member states to temporarily increase their import tariffs above the Common External Tariff for imports from outside the Mercosur common market.
Member states can invoke this provision for up to 100 NCM tariff lines, for a maximum - but renewable - duration of twelve months.
This decision has to be incorporated to the Member State's legal systems before November 1, 2015, and will cease to be in force on 31 December 2021.