ANNOUNCEMENT 16 Jun 2018
The Executive body of MERCOSUR decided to amend the Common External Nomenclature leading to the increase of the import duty set on airbags.
NUMBER OF INTERVENTIONS
MERCOSUR. Grupo del Mercado Común. Resolución 017/2018. Available at: http://gd.mercosur.int/SAM%5CGestDoc%5Cpubweb.nsf/1BB98D8C1C91ECD90325838800479FBF/$File/RES_017-2018_ES_Modif%20NCM%20y%20AEC.pdf
On 16 June 2018, the Group of MERCOSUR has adopted Resolution 017/2018 increasing the import duty set on airbags classified under tariff subheading 8708.95.21.
The new import tariff has been increased from 2% to 18%.
This new import duty only affects countries outside the MERCOSUR trading block.
The amendment introduced in this resolution is to enter into force on 1 January 2019.