ANNOUNCEMENT 19 Sep 2016
The Trade Commission of MERCOSUR has adopted new legislation allowing Argentina to set a temporary tariff-rate quota on certain artificial waxes.
NUMBER OF INTERVENTIONS
InfoLeg. Directiva 4/2016. Comisión de Comercio del Mercosur. Publicada en el Boletín Oficial del 19-sep-2016, Número: 33464, Página: 58. Available at: http://servicios.infoleg.gob.ar/infolegInternet/verNorma.do?id=265617
MERCOSUR. Comisión de Comercio. Directiva Nº 04/16. Available at: https://normas.mercosur.int/simfiles/normativas/61467_DIR_004-2016_ES_AccionesPuntualesAmbitoArancelario_NCM%203404.90.19%20AR--.pdf
WTO Tariff Download facility, http://tariffdata.wto.org (Downloaded on 10 October 2018).
On 19 September 2016, the Argentine Executive has incorporated to its legal system Directive 04/2016 reducing to 2% the import duty applicable on tariff line NCM 3404.90.19. The new duty applies for a quota of 1,200 tonnes. Previously to this legislation, no tariff-rate quota applied to this product.
According to the WTO tariff database, the import duty outside the quota is 10.57%.
The new import tariff quota has a temporary character and applies for twelve months.
The allowance to temporarily reduce the import duty on copolymers was announced on Directive 04/16 issued by the Trade Commission of MERCOSUR on 16 March 2016.