Industry Tips: New Restrictions On Imports Implemented In Argentina
Since February 1st, the government of Argentina has implemented new restrictive import measures.
According to the new regulation,
Argentina
Importing enterprises need to declare in advance at the same time with the federal public revenue authority and the Ministry of economic affairs, submit detailed information on imported products and importers, and obtain approval before they can go through the import formalities and purchase the US dollar needed for import trade with the central bank.
It is reported that this is the second restriction on imported products after the implementation of the non automatic import license system for more than 600 kinds of commodities in Argentina at the end of last year.
A government official and business circles believe that after adopting the import declaration in advance, Argentina will strengthen import restrictions on products such as textiles, footwear and household appliances, so as to protect its related industries, and for semi-finished products.
Raw material
Imports will adopt relatively flexible measures to avoid serious industrial production in Argentina.
Analysts pointed out that last year's outflow of funds in Argentina was very serious, leading to a serious loss of blood in the central bank's foreign exchange reserves.
Therefore, ensuring the favorable balance of trade is of great significance for Argentina's financial and economic stability. It is expected that the Arab government will continue to increase import restrictions this year.
To ensure the smooth export of related products to Argentina, the inspection and quarantine department suggests that export enterprises should familiarize themselves with the above new declaration requirements and declare them truthfully so that export products can be successfully examined and cleared.
Enterprises should strengthen the analysis and study of the new bills abroad, take targeted measures to take the initiative to open up new exports in Africa, the Middle East, Central Asia and ASEAN.
market
In order to minimize and diffuse trade risks as far as possible.
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