The IPA president added: “It is essential that the BCRA also recognize and benefit, in the same way as the countryside, the entire SME sector of the national industry, considering that this sector generates added value and supports thousands and thousands of jobs., at a time when inflation causes more poverty and genuine employment is the only one that can help to get out of the crisis”. Rosato stressed that the application of a “Dollar-SMEs will be very beneficial for the country, since the industry is also a generator of foreign currency,” and argued that the extension of the benefit to the manufacturing sector will allow manufacturing activity “to be part of the scheme that will help the Government to go through this complex economic situation”.
The IPA made two central proposals to the Government to overcome the lack of dollars, which generated restrictions in the allocation of foreign currency for the import of inputs from the factories: create a SME Dialogue Table, where the sector is represented in the debate on urgent needs; and the exchange split for industrial exports, in order to be able to comply with contracts abroad.
“We want to be part of the solution to the problem, get involved and show that SMEs can compete, export and generate the foreign exchange that the country needs. That is why we agree that there must be more production, but we say that for that we must take care of all the dollars and allocate them to the generation of wealth for the country”, Rosato affirmed. The IPA called for implementing a “foreign currency allocation strategy, where the priority is companies that substitute imports of final products, supply the domestic market and generate genuine employment.”
In this direction, Rosato proposed “concentrate decisions in the productive area of the government so that, although there are shared decisions among the entire economic cabinet, it is a ministry that takes the measures based on dialogue with SMEs”.
Source: Ambito
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