Batakis specified that the anchoring for these operations was structured through the Subsidiaries that the entity owns in New York, Miami, Madrid and Montevideo and adds to the contributions made by the National State. “Through this financial tool, the BNA complies with its objective of contributing and generating new resources that make it possible to leverage Argentine imports and exports”, the president stated.
Credit lines for imports and exports
The Line of “Financing of Imports” is a credit assistance that is granted to make the purchase of unused goods abroadwith the support of up to 100% of the FOB, CFR or CIF value or their equivalents for other means of transportation of the merchandise to be imported, for a term of up to 360 days.
The operation can be instrumented by means of letter of credit either import collectionI transfer abroad.
In relation to the stimulus to foreign tradethe BNA participates in addition to the “Strategic Logistics Cost Reduction Program of the Argentine Embassy in Brazil”which allows national companies to access benefits that improve their competitive conditions in international markets.
It also helps unlock situations linked with the logistics and distribution of products abroadmaking it possible to operate with minimum order quantities, condition the product at destination, avoid distributions that make the products more expensive and postpone the payment of rights until the sale is made.
Source: Ambito
