The Treasurer’s Guide to Trade Finance

(Martin Jones) #1

Colombia


Exports
ƒ A permit from the National Federation of
Coffee Growers is required for exporting
coffee.
ƒ Export licences with quotas: standing cattle
and substances that deplete the ozone layer.

Tariffs/Taxes
Imports
ƒ Colombia implements the ad valorem
common external tariff (CET) of the Andean
Community to its imports. The average tariff
applied is 6.8 percent.
ƒ VAT of 16 percent is applied to most imports.
VAT of 16, 20, 35, 45 or 60 percent is applied
to vehicles.
ƒ Most imports are subject to a 1.2 percent
customs surcharge (special customs
services tax).
ƒ Locally produced raw materials and
intermediate goods are subject to tariffs of
between 5 and 10 percent; finished and
consumer goods are subject to tariffs of 15
percent; cars are subject to a 35 percent
tariff; and most agricultural products are
subject to a 20 percent tariff.

Exports
ƒ Generally none.
ƒ Taxes of 0.6, 1 and 1.6 percent are applied
to the exploitation of coal, natural gas and
nickel respectively.

Financing requirements for imports/
exports
ƒ Neither exports nor imports are subject to
financing requirements.

Prohibited items
Imports
ƒ Items that may harm public health or
national security, certain used goods and
second-hand clothing, weapons, narcotic
substances, and toxic and environmentally
hazardous waste.
Exports
ƒ Archaeological artefacts and endangered
species.
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