ANNOUNCEMENT 06 Jun 2018
The Trade Commission of MERCOSUR has adopted new legislation allowing Argentina to set again a temporary tariff-rate quota on epsilon caprolactam.
NUMBER OF INTERVENTIONS
MERCOSUR. Comisión de Comercio. Directiva Nº 30/18. Available at: https://normas.mercosur.int/simfiles/normativas/69081_DIR_030-2018_ES_Acciones%20Puntuales%20Ambito%20Arancelario_NCM%202933.71.00%20AR.pdf
WTO Tariff Download facility, http://tariffdata.wto.org (Downloaded on 27 August 2019)
MERCOSUR. Comisión de Comercio. Directiva Nº 28/19. Available at: https://normas.mercosur.int/simfiles/normativas/73207_DIR_028-2019_ES_AccionesPuntualesAmbitoArancelario_NCM%202933.71.00%20AR-RENOV.pdf
On 6 June 2018, the Trade Commission of MERCOSUR has adopted Directive 30/18 allowing Argentina to establish again a temporary 2% import duty on epsilon caprolactam.
The new legislation affects products classified under tariffs subheading NCM 2933.71.00 for a quota of 1,500 tonnes and only applies for a period of 12 months.
The previously applicable import tariff set on epsilon caprolactam terminated on 20 March 2018 (please, see related state acts).
According to the WTO tariff download facility, the applicable import tariff outside the quota is 12%.
The new legislation only affects countries outside the MERCOSUR.
Since 2014, all Directives adopted by the MERCOSUR concerning import tariff quotas adopted under the policy framework established by Resolution GMC 08/08 are adopted by a simplified procedure not requiring its publication on the Official Gazette.