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Colombia prohibits coal exports to Israel

26 August 2024

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Tax Alerts, National/Federal Taxation, M...

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Colombia, Israel

The Colombian Ministry of Commerce, Industry, and Tourism has issued Decree 1047 of 2024, imposing an immediate prohibition on coal exports to Israel.With coal representing more than 90% of Colombia's exports to Israel, a significant economic impact is anticipated.The established restriction will not apply with regard to:Goods that, before the decree's entry into force, are covered by (i) a Shipping Authorization Application duly submitted to and accepted by the Customs Authority or (ii) a Goods Movement Form duly authorized by the operator user of a Free Trade ZoneInternational Trading Companies that, prior to the decree's entry into force, had issued...