ANNOUNCEMENT 16 Oct 2018

The government of Chile has decreased the applicable reductions on the import tariffs of wheat and wheat or meslin flour.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 305/2018. 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=1123944

Public Finance Ministry. Ministerio de Hacienda. Decreto Exento 236/2018. 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=1121800

Inception date: 16 Oct 2018 | Removal date: 15 Dec 2018

Import tariff

On 16 October 2018, the Chilean Ministry of Public Finance passed the Exempt Decree 305/2018 establishing new applicable discounts on customs duties on wheat and wheat or meslin flour. These discounts will apply for a two-month period starting on 16 October 2018. 

The new law established different reductions on the ad valorem customs duties. The new applicable discounts decreased from USD 105.06 to USD 87.23 per tonne of wheat and from USD 163.89 to USD 136.07 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.

AFFECTED SECTORS

 

AFFECTED PRODUCTS