ANNOUNCEMENT 28 Jun 2019
The Argentine Government has approved reduced import tariffs for a certain quota of trucks, engines and engine chassis for minibuses.
NUMBER OF INTERVENTIONS
InfoLeg. Nomenclatura Común del Mercosur. Decreto 440/2019. Available at: http://servicios.infoleg.gob.ar/infolegInternet/anexos/320000-324999/324638/norma.htm
WTO Tariff Download facility, http://tariffdata.wto.org (Retrieved on 22 October 2019)
On 28 June 2019, the Executive of Argentina has adopted Decree 440/2019 approving the reduction of the import duties set on certain trucks, truck engines and engine chassis for minibuses for a certain quota. In all cases, the engines have to be propelled by natural gas and biogas.
The affected products are those classified under tariffs subheadings 8407.34.90, 8701.20.00, 8704.31.10, 8704.31.90, 8704.32.10, 8704.32.90, 8704.90.00 and 8706.00.10.
The new applicable import duties have been set at 2% and 5% depending on the product, while previously, according to WTO tariff download facility, the applicable values ranged between 18% and 35%.
The new tariffs apply for a quota of 800 trucks, 200 truck engines and 200 engine chassis for minibuses.
Prior to the new Decree, no tariff-rate quota applied to the subject goods.
The new duties apply to imports from countries other than the MERCOSUR Member States.