The Manufacterer Newsletter 8.5 x 11 E-MAG

04.01.2018 Views

Market Brief Export of Cereal from Trinidad & Tobago to Chile Cereal The industry’s major product is ready-to-eat (rte) cereal. The most popular cereals are made with corn flakes, wheat, oats, mixed grains, or puffed rice. Other products include instant hot cereal, rolled oats, farina, and infant cereal. The most important raw material in any breakfast cereal is grain. The grains most commonly used are corn, wheat, oats, rice, and barley. Some hot cereals, such as plain oatmeal, and a few cold cereals, such as plain shredded wheat, contain no other ingredients. In Trinidad and Tobago, several manufactures of cereal include associated brands industries (universal foods). Total National ExporTS uS $1,669 HS Code : 11 041900 Trinidad and Tobago Tariff Lines : 10.01 – 10.08 Chile Tariff Lines: 100890 Market Access General applied tariff 6%+specific duty Tariff applied to Trinidad and Tobago Tariff applied to main competitors such as USA, Argentina , Canada 6%+specific duty 6%+specific duty The payment of taxes on foreign trade must be made to the Customs Service of Chile. Cereal Prices $500 - $ 1000pesos 28

Imports of Cereal bY countries of origin 2016 Chile ‘s market is highly represented by imports from USA and nearby counterparts Argentina and Paraguay Imports of Cereal 2013-2016 The above graph shows a steady decrease of the importation of Cereal over the period of 2013-2016 29

Market Brief<br />

Export of Cereal<br />

from Trinidad & Tobago to Chile<br />

Cereal<br />

<strong>The</strong> industry’s major product is ready-to-eat (rte) cereal. <strong>The</strong><br />

most popular cereals are made with corn flakes, wheat, oats,<br />

mixed grains, or puffed rice. Other products include instant<br />

hot cereal, rolled oats, farina, and infant cereal.<br />

<strong>The</strong> most important raw material in any breakfast cereal is<br />

grain. <strong>The</strong> grains most commonly used are corn, wheat, oats,<br />

rice, and barley. Some hot cereals, such as plain oatmeal, and<br />

a few cold cereals, such as plain shredded wheat, contain no<br />

other ingredients.<br />

In Trinidad and Tobago, several manufactures of cereal<br />

include associated brands industries (universal foods).<br />

Total National ExporTS uS $1,669<br />

HS Code : <strong>11</strong> 041900<br />

Trinidad and Tobago Tariff Lines : 10.01 – 10.08<br />

Chile Tariff Lines: 100890<br />

Market Access<br />

General applied tariff<br />

6%+specific duty<br />

Tariff applied to Trinidad and Tobago<br />

Tariff applied to main competitors<br />

such as USA, Argentina , Canada<br />

6%+specific duty<br />

6%+specific duty<br />

<strong>The</strong> payment of taxes on foreign<br />

trade must be made to the<br />

Customs Service of Chile.<br />

Cereal Prices<br />

$500 - $ 1000pesos<br />

28

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