ANNOUNCEMENT 27 Mar 2019
The Trade Commission of MERCOSUR has adopted new legislation allowing Argentina to set a temporary tariff-rate quota on certain rods and bars of high-speed steel.
NUMBER OF INTERVENTIONS
MERCOSUR. Comisión de Comercio. Directiva Nº 02/19. Available at: https://normas.mercosur.int/simfiles/normativas/72522_DIR_002-2019_ES_Acciones%20Puntuales%20Ambito%20Arancelario_NCM%207228.10.90%20AR.pdf
WTO Tariff Download facility, http://tariffdata.wto.org (Downloaded on 2 June 2019).
On 27 March 2019, the Trade Commission of MERCOSUR haws adopted Directive 02/19 allowing Argentina to establish a temporary 2% import duty on certain bars and rods of high-speed steel. The measure affects products classified under tariffs subheading NCM 7228.10.90 for a quota of 40 tonnes. Previously to this legislation, no tariff rate quota applied to this product.
According to the WTO tariff download facility, the applicable import tariff outside the quota is 14%.
Directive 02/19 only applies to Argentina for a period of 24 months.