Commercial Information Circulars
24-hour hotline : 23 922 922
e-mail address : enquiry@tid.gov.hk
Ref : EIC 415/3
31 December 2010
Dear Sirs,
Commercial Information Circular No. 629/2010
Colombia : Reduction of Import Tariffs on a Number of Products
The Colombian Government has recently reduced the import tariffs of a wide range of products. The new tariff rates have become effective on 5 November 2010. A summary of the major changes are set out as follows:
The import tariffs of certain textiles and clothing products (classifiable under Chapters 50-63 of the Colombian Harmonized System (HS)) reduced from 20% to 15% or 10% or from 15% to 5%.
The import tariffs of certain footwear (classifiable under HS Chapter 64) reduced from 20% to 15%.
The import tariffs of certain electrical machinery and equipment (classifiable under HS Chapter 85) reduced from 20% to 15% or from 15% to 5%.
The import tariffs of certain toys (classifiable under HS Chapter 95) reduced from 20% to 15%.
The import tariffs of certain motor vehicles (classifiable under HS Chapter 87) reduced from 20% to 15% or from 15% to 10%.
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For details of the products involved and the respective tariff rates, traders are advised to consult their importers in Colombia and/or make reference to the relevant Colombian Decrees (in Spanish) which are available at:
Decree No. 4114/2010 (relevant to items (a)-(d) above):
http://www.mincomercio.gov.co/eContent/documentos/Normatividad/decretos/2010/Decreto-4114-2010.pdf
Decree No. 4115/2010 (relevant to item (e) above):
http://www.mincomercio.gov.co/eContent/documentos/Normatividad/decretos/2010/Decreto-4115-2010.pdf
ENQUIRIES
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For enquiries about the content of this circular, please contact Miss S Y TANG at telephone number 2398 5405.
Yours faithfully,
(Miss Bonny CHAO)
for Director-General of Trade and Industry
| Note : | While every effort is made to ensure the accuracy of the above information, the Department cannot guarantee this to be so and will not be held liable for any reliance placed on the same. |