The government faces a problem of Bookings. The lack of Dollars many times it complicates the situation of importers, who must resort to that currency to pay for the operations.
However, in a survey of the Customsit was possible to verify that this type of product import operations from Chinahave progressively put aside the dollar so that the yuan gain ground.
The report of the body dependent on the AFIPafter the inspections and notices carried out to companies that imported merchandise from Chinabut re-invoiced from Uruguay and Europe, the request for SIRAs in yuan grew exponentially.
According to the authorities, it is something extremely positive for the reserves of the Central Bank (BCRA) because the use of the swap with China, lowering the demand for dollars.
On the one hand, the inspections of the General Directorate of Customs They point to the over-invoicing of imports that some companies carry out to earn dollars abroad.
Trade: the yuan gains more ground every day
At the same time, it is also analyzed whether the objective of the re-invoicing from Uruguay is to avoid paying abroad with yuan —which would be logical if the payments went directly to China— in order to access dollars.
The data is compelling: since these inspections were launched, the use of SIRAs in yuan has multiplied almost 8 times for the payment of merchandise imports from China.
Indeed, only so far in April, SIRAs in yuan were authorized for the equivalent of u$s217 million, against US$29 million in January, which showed an increase of 748%.
The case of triangulations via Europe
So far in the year 2023, 4,803 destinations were analyzed for US$287,781,648 of imports of merchandise manufactured in China and re-invoiced from European countries.
Only 3 countries concentrate 60% of the triangulated operations for US$172 million: the main imports are capital goods (machinery and factories key on hand) and the companies analyzed are mainly from the pharmaceutical, oil, telecommunications and automotive sectors.
It should be noted, none of products originating in China received a verifiable added value in Europe: all were merely re-invoicing operations, since the customs manifest indicates that the merchandise was shipped directly from China to Argentina.
Source: Ambito
