AreaPeru

Commodity GroupRice

CommodityAll

Date21/12/2017

Policy CategoryTrade

Policy InstrumentImport tariff

DescriptionDecreed that Uruguayan 5 percent long grain quotations would replace Thai 100 percent B white rice prices as a benchmark to calculate import duty rebates/surcharges applied on rice under the price band mechanism. The decree also caps the ceiling on additional import duties to 15 percent of the Cost, Insurance and Freight (CIF) value of imports, down from a previous ceiling of 20 percent, containing the new customs tables based on the revised reference price. The latter will be effective from 21 December 2017 until 30 June 2018.