ANNOUNCEMENT 16 Jun 2018
The Executive body of MERCOSUR decided to amend the Common External Nomenclature leading to a decrease in the import duties set on two tariff lines.
NUMBER OF INTERVENTIONS
MERCOSUR. Grupo del Mercado Común. Resolución 016/2018. Available at: http://gd.mercosur.int/SAM%5CGestDoc%5Cpubweb.nsf/4E2E1E72E7C2DEE6032583880046C4BF/$File/RES_016-2018_ES_Modif%20NCM%20y%20AEC.pdf
On 16 June 2018, the Group of MERCOSUR has adopted Resolution 016/2018 decreasing the import duties on the following tariff lines: 2916.12.20 and 5504.10.00. The new import tariffs have been decreased from 12% to 2%.
This new import duty only affects countries outside the MERCOSUR trading block.
The amendments introduced in this resolution are to enter into force on 1 January 2019.