ANNOUNCEMENT 13 Mar 2012

On 13 March 2012, the President of the Republic, Hugo Chavez Frias, adopted Decree No. 8.847 eliminating all tariffs, duties and value added tax (VAT) for several countries. This measure entered into force on the same day for a period of five years.

NUMBER OF INTERVENTIONS

2

  • 1 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Presidential decree No. 8.847 of 2012 (in Spanish),
http://www.tsj.gov.ve/gaceta/marzo/1332012/1332012-3384.pdf#page=7


Inception date: 13 Mar 2012 | Removal date: 12 Mar 2017

Import tariff

This measure effectively reduces tariffs on trade with the 5 countries specified above, other foreign suppliers of medical goods are relatively disadvantaged.

AFFECTED SECTORS

 
352 481

AFFECTED PRODUCTS

 
300120 300190 300210 300220 300230 300290 300390 300410 300420 300431 300432 300439 300440 300450 300490 300510 300590 300610 300630 300640 300660 300670 901811 901812 901813 901814 901819 901820 901831 901832 901839 901841 901849 901850 901890 940290
(+ 26 more)
Inception date: 13 Mar 2012 | Removal date: 12 Mar 2017

Import tariff

The duties were lowered on imports of medical equipment and goods such as medicaments, vaccines, and surgical equipment from China, Colombia, Germany, Portugal, and Turkey.
 
352 481
 
300120 300190 300210 300220 300230 300290 300390 300410 300420 300431 300432 300439 300440 300450 300490 300510 300590 300610 300630 300640 300660 300670 901811 901812 901813 901814 901819 901820 901831 901832 901839 901841 901849 901850 901890 940290
(+ 26 more)