ANNOUNCEMENT 13 Apr 2018
The government of Chile has increased the applicable reductions on the import tariffs of wheat and wheat or meslin flour.
NUMBER OF INTERVENTIONS
Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 119/2018. Aplica rebajas de derechos de aduana para la importación de trigo y harina de trigo o de morcajo (tranquillón). Available at: https://www.leychile.cl/Navegar?idNorma=1117104
On 13 April 2018, the Chilean Ministry of Public Finance passed the Exempt Decree 119/2018 establishing new applicable discounts on customs duties on wheat and wheat or meslin flour for a two-month period starting on April 16, 2018. The new law established different reductions on the ad valorem customs duties. The new applicable discounts increased from USD 54.17 to USD 98.05 per tonne of wheat and from USD 84.5 to USD 152.96 per tonne of wheat or meslin flour.
The objective of this decree is to establish a relative margin for internal prices to fluctuate in comparison to the international market.