ANNOUNCEMENT 29 Mar 2017
The Trade Commission of MERCOSUR has adopted new legislation allowing Argentina to set a temporary tariff-rate quota on octadecyl propionate.
NUMBER OF INTERVENTIONS
MERCOSUR. Comisión de Comercio. Directiva Nº 10/17. Available at: https://normas.mercosur.int/simfiles/normativas/64786_DIR_010-2017_ES_AccionesPuntualesAmbitoArancelario_NCM%202918.29.50%20AR.pdf
WTO Tariff Download facility, http://tariffdata.wto.org (Downloaded on 21 June 2019).
On 29 March 2017, the Trade Commission of MERCOSUR has adopted Directive 10/17 allowing Argentina to establish a temporary 2% import duty on octadecyl propionate classified under tariffs subheading NCM 2918.29.50.
The new import duty applies for a quota of 500 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 6.4%.
Directive 10/17 only applies to Argentina for a period of 12 months.