ANNOUNCEMENT 05 Sep 2018
The Executive body of MERCOSUR decided to amend the Common External Nomenclature leading to a decrease in the import duties set on certain rayon filament yarns.
NUMBER OF INTERVENTIONS
MERCOSUR. Grupo del Mercado Común. Resolución 024/2018. Available at: http://gd.mercosur.int/SAM%5CGestDoc%5Cpubweb.nsf/6FFA504F5E0CE11B03258389005B9B93/$File/RES_024-2018_ES_Modif%20NCM%20y%20AEC.pdf
On 5 September 2018, the Group of MERCOSUR has adopted Resolution 024/2018 creating a new tariff subheading for rayon filament yarns. As a consequence, the import duty set for raw or white rayon filament yarns has decreased from 18% to 2%. This change has affected tariff line NCM 5403.31.10.
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.