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Chile Import Regs.: FTZs

Regulations of Chile for special products, prohibitions, restrictions, labeling, documentation, etc.

Chile Import Regs.: FTZs

Postby bridgat » Tue Nov 18, 2008 3:35 am

Some elements enumerated below are modified by the US-Chile FTA.

Chile's two free trade zones are the Free Zone of Iquique (ZOFRI) in the northern tip (Region I) of Chile, and the Free Zone of Punta Arenas in the southern tip (Region XII). ZOFRI encompasses the free ports of Arica and Iquique. Punta Arenas also has a free port. Modern facilities for manufacturing, packaging and exporting exist in each zone. With the exception of mining and fishing, all types of activities may be undertaken in the FTZs. In addition to the existing FTZs, Law #19.707 of January 10, 2001 established the FTZ of Tocopilla with similar benefits confined to the enterprises of the mining sector. Chile's labor laws and environmental regulations apply in the FTZS, even when they are not considered part of Chile's customs territory.

Specific Documentation:

Foreign goods destined for free-trade zones must be accompanied by a Request for Shipment to Free Trade Zones. The goods may remain in such a zone for resale or further processing or brought into the national customs territory or to an extended free-trade zone. Goods in transit must be accompanied by a Declaration of Transit and by the International Freight Document - Transit Declaration; the latter is a LAIA document.

Duties and VAT requirements are as follows:

(a) imports entering and remaining in Chile's free trade zones pay no duty or VAT (provided the goods do not leave the free zone, the only charge is a free zone user service amounting to 1.5% of the CIF value);

(b) imports leaving the free trade zones, but remaining in regions I or XII (considered "extended" duty-free zones) pay no import duty and no VAT; goods entering the Chile customs region in areas other than those indicated above are subject to the tariff rate of 6% and the normal VAT.

(c) imports leaving the free trade zones to enter the greater Chilean market pay full tariff and VAT charges;

(d) subject to negotiations with Chilean customs officials, imports can remain in-bond for extended periods while awaiting transshipment to other countries. Imported goods may remain in customs warehouses for 90 days. If said goods are unclaimed after the 90-day period, the goods will be declared abandoned by Customs and sold at public auction.
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