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Argentina Lowers Duties on Various Products

Argentina has lowered its import duties on the following products in order to correct a lack of supply in the domestic market.

  • A maximum of 1,200 tonnes of artificial and prepared waxes of alkyl ketene dimer classified under NCM 3404.90.19 will benefit from a reduced duty of two percent for a period of 12 months. Out-of-quota merchandise will be subject to a regular most-favoured nation rate of 14 percent.
  • A maximum of 1,140 tonnes of copolymers composed of dimethyl terephthalate and cyclohexanedimethanol, as well as either isophthalic acid, tetramethyl cyclobutanediol or ethylene glycol, classified under NCM 3907.99.99, will benefit from a reduced duty of two percent for a period of 12 months. Out-of-quota merchandise will be subject to a regular MFN rate of 14 percent.
  • A maximum of 600 tonnes of non-textured elastomutiester classified under NCM 5402.47.10 will benefit from a reduced duty of two percent for a period of 12 months. Out-of-quota merchandise will be subject to a regular MFN rate of 18 percent.
Content provided by Picture: HKTDC Research
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