ANNOUNCEMENT 09 Jul 2020
The Trade Commission of MERCOSUR has adopted new regulation allowing Argentina to set a temporary tariff-rate quota on special infant formulas for premature babies.
NUMBER OF INTERVENTIONS
MERCOSUR. Comisión de Comercio. Directiva Nº 40/20. Available at: https://normas.mercosur.int/simfiles/normativas/78699_DIR_040-2020_ES_Acciones%20Puntuales%20Ambito%20Arancelario_NCM%201901.10.10%20AR.pdf
WTO Tariff Download facility, http://tariffdata.wto.org (Downloaded on 6 April 2020).
On 9 July 2020, the Trade Commission of MERCOSUR has adopted Directive 40/20 allowing Argentina to establish a temporary 2% import duty on gluten-free infant formulas classified under tariff subheading NCM 1901.10.10. The new duty applies to a quota of 68 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 17.5%.
Directive 40/20 only applies to Argentina for a period of 12 months.
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.