The United States companies (USA) claimed the Government of Argentina on Thursday “Remove structural barriers”And they argued that these can prevent the country from benefiting from the new international trade environment that arises from the president’s policy Donald Trump up duty import.
This is indicated in a report of the United States Chamber of Commerce (AMCHAM) in which an analysis of the new American policy is carried out, which tends to evaluate the effects of Washington’s protectionist policy.
Donald Trump’s tariff policy
The report recalls that “On April 2, the Executive Order 14,257 was issued, which established a base tariff of 10% for all imports ”, a figure that represented“ a significant increase ”with respect to the average of that historical 2.5% of that country.
It should be remembered that, in addition to the base tariff, They apply surcharges between 11% and 50% according to the country in question and the state of the bilateral trade balance.
The American government He reversed the surcharges in the cases of countries that did not retaliatebut left 10% base that continues to affect Argentina.
North American firms warn that lA policy that Washington began “They are based on unilateral measures that do not fit the traditional frameworks of foreign trade. ”
However, he considers that the New global environment can favor Argentina against a global rethinking of trade currentsvalue chains and food suppliers and other primary products.
“Our country faces the Strategic challenge of capturing investments, redesigning productive schemes and taking advantage of commercial distortions To gain presence in markets today supplied by economies affected by tariffs, ”says the AMCHAM report.
The entity states that The country’s greatest export potential sectors are agribusiness, mining, gas and oil and digital transformation. By citing a report by the Abeceb consultancy, he points out that these four engines could export US $1,000 million by 20233.
The five barriers that Argentina has to remove, according to Amcham
The study indicates that “The structural barriers of Argentina must be removed depending on public policies that attack the current difficulties. ”In that sense, Amcham details:
- Free access to the change market for the dividend turn, royalties or cancellation of commercial or financial debts.
- The high tax pressure, through a comprehensive reform that simplifies, modernize and significantly reduces it.
- The regulatory instability generated by the pendulum effect (political, union, business and society actors as a whole must agree on a country model and, from this, the establishment of long -term policies).
- The little infrastructure development that significantly affects the costs related to logistics, transport, etc.
- Finally, a labor system that is appropriate to current or future labor relations.
In that sense, North American companies warn that “The design and implementation of this environment conducive to investments is not a complementary objective, but a qualifying condition to transform short -term and federal development opportunities. ”
“In a more competitive and fragmented international scenario, Argentina’s export jump will depend on all society actors being focused in facilitating the process of competitiveness and in the implementation of pending structural reforms, ”suggests companies.
Source: Ambito
