ANNOUNCEMENT 13 Mar 2017

The Colombian Government amended the list of raw materials and capital goods not produced locally exempted of import tariffs, as a consequence the import duty on 2 tariffs lines have been increased.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Ministry of Trade, Industry and Tourism. Ministerio de Comercio, Industria y Turismo. Decreto 420 del 13 de marzo de 2017. Available at: http://es.presidencia.gov.co/normativa/normativa/DECRETO%20420%20DEL%2013%20DE%20MARZO%20DE%202017.pdf

Inception date: 28 Mar 2013 | Removal date: open ended
Still in force

Import tariff

On 13 March 2017, the Colombian Ministry of Trade, Industry and Tourism has adopted Decree 420/2017 eliminating 36 tariffs lines from the list of raw materials and capital goods not produced locally exempted of import tariffs. As a result, the import duties on tariff lines 4703110000 and 4010120000 have increased from 0% to 5%.

This Decree enters into force fifteen days after its publication on the Official Gazette. 

 

List of raw materials and capital goods not produced locally exempted of import tariffs
On August 15, 2013, the Colombian Ministry of Trade, Industry and Tourism issued Decree 1755/2013 establishing a list of raw materials and capital goods not produced locally exempted temporarily of import tariffs. The tariff lines included in the list enjoy a 0% import duty for a two-year period starting on August 15, 2013.

However, on August 14, 2015, the Colombian Ministry of Trade, Industry and Tourism issued Decree 1625/2015 launching again a similar list with products enjoying a 0% import duty for a two-year period starting on August 16, 2015. 

Since then, the list has been updated on several occasions (please, see related state acts). 

AFFECTED SECTORS

 

AFFECTED PRODUCTS