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
1
SOURCE
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.
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