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DECREE OF THE MINISTRY OF TRADE

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DECREE OF THE MINISTRY OF TRADE

0% customs tariff for capital goods and raw materials not produced in Colombia

This measure was established in order to promote the industry and improve the competitiveness of the productive sector

 

By means of Decree 272 of 2018, the Ministry of Trade, Industry and Tourism, established a reduction to zero percent (0%) of the tariff duty for the import of raw materials and capital goods that are not produced in Colombia. More than 407 tariff subheadings are covered by this measure.

This new tariff will be reviewed annually by the Ministry of Trade, Industry and Tourism.