AreaColombia

Commodity GroupGrains

CommodityMaize and Wheat

Date04/06/2022

Policy CategoryTrade

Policy InstrumentImport tariff

DescriptionApproved Decree N° 955/2022 which introduced a new calculation method for establishing the level of import tariffs associated with 200 products, including wheat flour and maize. The new method temporarily excludes 100 percent of the transportation costs from the taxable base of imported goods for the determination of the total customs tariff. This new import tariff will be effective from 5 June 2022 for a duration of 6 months.