ANNOUNCEMENT 14 Aug 2015
The Colombian government eliminated the import duty on over 114 tariff lines related to raw material and capital goods not produced locally.
NUMBER OF INTERVENTIONS
Suin Juriscol. Sistema Único de Información Normativa. Decreto 1625 de 14 de agosto de 2015. Available at: http://www.suin-juriscol.gov.co/viewDocument.asp?ruta=Decretos/30019956
Suin Juriscol. Sistema Único de Información Normativa. Decreto 4927 de 29 de diciembre de 2011. Available at: http://www.suin-juriscol.gov.co/viewDocument.asp?ruta=Decretos/1554019
On 14 August 2015, the Colombian Executive has adopted Decree 1625/2015 extending for another two years the duty-free import duty set on multiple goods when Decree 1755/2013 was adopted on 15 August 2013. The new list includes certain amendments and has extended the 0% import duty on another 114 tariff lines. As a consequence, the import tariff on the affected products has been decreased from values set at 5%, 10% and 15% to 0%.
The new list has a temporary character and is due to terminate on 15 August 2017.
This Decree is to enter into force on 16 August 2015.