Commercial Information Circulars
24-hour hotline : 23 922 922
e-mail address : enquiry@tid.gov.hk
Ref : EIC 401/1/3
21 February 2013
Dear Sirs,
Commercial Information Circular No. 162/2013
MERCOSUR1 :Importation of Capital Goods
The Southern Common Market (MERCOSUR), which includes Argentina, Brazil, Paraguay, Uruguay and Venezuela, issued a Decision No. 65/2012 in December 2012 to revise the common regime for the importation of capital goods not produced in Mercosur.
2.The unified regime for capital goods will take effect from 1 January 2014 for Argentina and Brazil and from 1 January 2018 for other Mercosur countries. As a transitional measure, Mercosur member states will maintain their respective national regimes for the importation of capital goods and integrated systems till 31 December 2013, while Venezuela may apply a duty rate of 2% for capital goods till 31 December 2019 and zero duty rate for computer and telecommunications goods until 31 December 2018.
3.For details, traders are advised to consult their importers in MERCOSUR member countries and/or the relevant MERCOSUR Decision (in Spanish), which is available at:
http://gd.mercosur.int/SAM%5CGestDoc%5Cpubweb.nsf/97A85EEEA2D531F383257B0C000FA55A/$File/DEC_065-2012_ES_Modifica%20DEC%2057-10%20-%20BK.pdf.
ENQUIRIES
4.For enquiries about the content of this circular, please contact Miss S Y TANG at telephone number 2398 5405.
Yours faithfully,
(Ms Cindy CHENG)
for Director-General of Trade and Industry
1.The Southern Common Market (MERCOSUR) includes Argentina, Brazil, Paraguay, Uruguay and Venezuela.
| 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. |