“Now 30 has fixed prices, until December 22 each of the products that make up the program will have the same price,” Massa assured during the act that took place in Lomas de Zamora. The 30-installment program will be for 273 products, which includes cell phones, televisions, air conditioners, washing machines and refrigerators, and a fixed rate of 48%. The price cap will be $200,000 per unit.
In any case, the price and quota agreement could be extended until January 19, 2023, they reported from Economy. That is, go from 60 to 90 days. It will depend on whether there are sales volumes available, and financing, since it is the banks that subsidize the interest rate.
“The program costs zero to the State. The interest rate, which is half of what is paid on the card, has to do with the decision of the banking associations to guarantee an enormous level of financing, are $100 billion that contributeso that we take into account the effort they make”, affirmed Massa.
The program has three objectives. On the one hand, sustaining sales: “Now30 helps us to show that caring for consumption, the internal market and the purchasing power of workers is one of the great objectives of our government,” Massa affirmed. But also, lower inflation: “When we set a price strategy that removes uncertainty, we help with that enormous task that we have ahead of us, which is to lower inflation.”
Finally, Massa’s idea is to show “the value of when the State and the private sector work together”. In fact, between this week and November, Economy will seek to close two other sectoral agreements, including longer-term ones. During the ceremony, he referred to the last sentence used at the IDEA Colloquium: “If we all give in a little, we can achieve very good results for society.”
Food and textiles
“We boxed a little bit,” said Tombolini during his speech at the Now30 event, referring to the negotiation he had with Luis Galli, the CEO of Newsan, one of the electronics companies that is part of the Now30. In the coming weeks, Tombolini will look to close two more deals.
On the one hand, to have a first round of Fair Prices for November 15, which implies a voluntary agreement with the large mass consumption companies, both food, cleaning and personal hygiene, which means that prices are maintained until March 15 , that is, 120 days.
The first round of meetings with more than 10 companies has already concluded, during the last two weeks of meetings. Now it is pending that the companies send the list of products with which they are going to join, while Commerce defines what the “compensation for the effort” will be, official sources reported. “In November we estimate some announcement”confirmed from the Government.
Late on Sunday, Massa reported in an interview on Radio 10 something that surprised the companies: that there are already 7 that have joined to participate in Fair Prices, even with the price printed on the packaging, and that those who participate It will compensate them with “a program that allows them to work on the forecast of imports, using the customs green channel.”
This was the main topic of conversation during the early morning meeting held on Mondays in the chamber that groups the food companies (Copal). “They were all bewildered, asking each other who it was.”, said a source from the private sector. “It may be that it is being done in a very reserved way, or there are also times that we cheat,” said another participant. Only one company claimed to have agreed to enter with a single product, and others added that they were in talks.
In addition, the agreement with textiles is about to be closed, to freeze the price of yarn and fabrics, which already began three weeks ago. Commerce sent some “observations” to the proposal to the textile entrepreneurs grouped in FITA. It remains to be defined for how many months there will be a price freeze and for how many they will be updated in the same way as the movement of the official exchange rate.
Source: Ambito
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