Greater access to the market for imported auto parts, fertilizers and phytosanitary products
Agroindustry
The BCRA also decided to improve the financing conditions for the importation of fertilizers, phytosanitary products and the necessary inputs for their production in the country.
The decision of the Board of Directors of the BCRA means reducing the term for access to the foreign exchange market from 90 days to 60 days. It also reduced from 365 to 60 days the period for accessing the foreign exchange market to pay for inputs that will be used for the local production of goods to be exported, when advances or pre-financing of exports are settled simultaneously.
In the case of these products, it will always be considered that they are inputs for the local production of goods for export.
Automotive industry
The Board of Directors also simplified market access to automotive terminals for the production of units destined for export. This measure will allow the terminals to access the market for the payment of imports of auto parts that are used in the production of units that will be exported.
In another decision that improves access conditions, payments made by companies that collect funds paid by residents to non-resident providers of digital services in the country may be processed.
Source: Ambito
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