ANNOUNCEMENT 16 Dec 2018
The Executive body of MERCOSUR decided to amend the Common External Nomenclature leading to changes in the import duties set on four tariff lines.
NUMBER OF INTERVENTIONS
MERCOSUR. Grupo del Mercado Común. Resolución 052/2018. Available at: http://gd.mercosur.int/SAM%5CGestDoc%5Cpubweb.nsf/DECB90643FC42EB503258389005DA87D/$File/RES_052-2018_ES_Modif%20NCM%20y%20AEC.pdf
On 16 December 2018, the Group of MERCOSUR has adopted Resolution 052/2018 eliminating the import duty on tariff line 8452.29.24. The previously applicable import duty was set at 10%.
In addition, the new legislation has created a new tariff line classified as NCM 8541.10.32. The new tariff subheading enjoys 0% import duty while previously, products falling under this category would have enjoyed a 6% import tariff.
The new import duties are to enter into force on 1 July 2019.