During the meeting, Board members expressed “concrete concern about the complications in access to imported inputs for production destined for the domestic market and for export.”
Concerns
“The representatives of the UIA agreed on the need to generate predictable mechanisms that avoid discretion and allow production planning, making it clear that the need for certainty is expressed, which is not cleared up at this point with the arranged mechanics, which will be transmitted to the corresponding state areas,” the UIA said in a statement.
The main data on the economic situation and industrial activity surveyed by the UIA Study Center (CEU) were also analyzed, which showed year-on-year increases in August, although falls compared to the previous month, and local and international macroeconomic indicators were analyzed that show a rising costs globally and locally.
The report will be published in full next Thursday.
Finally, sectoral and regional representatives analyzed the evolution of industrial activity in recent weeks.
“The need to boost access to foreign currency for the acquisition of imported inputs, increases in costs -general and logistics- and the impact of rate hikes -both in financial costs and in credit- were some of the the issues raised,” the UIA noted.
Green light
This week, the Justice received favorably the new SIRA import regime that replaced the previous SIMIS, since in several legal cases it was decided to suspend the precautionary procedure by application of the General Joint Resolution 5271 of the AFIP.
The new Import System of the Argentine Republic (SIRA)which replaces the Comprehensive Import Monitoring System (SIMI)came into force this Monday with the aim of giving greater order and complete traceability to operations and avoiding cases of overinvoicing, abusive use of injunctions and other irregular mechanisms.
The new scheme provided by the Federal Administration of Public Revenues (AFIP) in conjunction with the Ministry of Commercewas highlighted by sectors linked to foreign trade, which stressed the importance of giving “order, transparency and predictability” to the import regime, although they raised doubts about specific aspects of its implementation.
Official sources stressed that the implementation of the new regime, in addition to bringing certainty and clarity to importers and control agencies, will prevent the proliferation of “precautionary maneuvers”which are detrimental to fiscal income and clear rules of international trade, and underlined a clear understanding of the Judiciary to the new regulations.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
