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
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
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.
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).