The Argentine Industrial Union “marked the need to develop new industrial policy instruments, along with actions to cushion the impact on SMEs and regional economies.”
Within the framework of reports that highlight the sharp falls in industrial activity In the first months of the year, the Argentine Industrial Union (UIA) warned about this situation and “marked the need to develop new industrial policy instruments, along with actions to cushion the impact on SMEs and regional economies in the face of a recessionary scenario.”
Among these instruments, he highlighted examples such as “financing lines, tax and labor measures, among others.”
They also referred to the Government’s announcement “about the benefits for importers of finished products” and “manifested their concern about what they consider unequal treatment for the industry.”
The UIA asks to recover the level of industrial activity
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The camera stood out “the importance of generating a prompt recovery of the activity level to achieve the fiscal, monetary and exchange goals sustaining the level of employment and production”.
“The UIA Study Center presented the industrial activity indicators for the month of January and the results of the first Survey of 2024, which reached more than 700 companies. The data collected show a situation of strong contraction as a result of the exchange rate correction due to the lack of reserves. and the accumulation of macroeconomic imbalances during the year 2023,” the UIA revealed and added. “The Industrial Performance Monitor (MDI) – which advances the cycle of industrial activity – was once again in the contraction zone for the seventh consecutive time.”
The UIA’s criticism of the benefits for importers announced by the Government
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The UIA argued that “while National producers must pay in 4 monthly installments and with PAIS tax inputs necessary for manufacturing, importers of finished goods will be exempt from taxes and will have full access to the necessary foreign currency in a single 30-day payment. “The announcement made today seriously affects the competitiveness of companies that operate, produce and employ in the country”they sentenced.
The UIA highlighted the Supreme Court’s ruling against labor trials
Regarding the ruling on the capitalization of interest in labor lawsuitsthe UIA analyzed the Supreme Court ruling and assured that “restores parameters of predictability and sustainability for the formal sector of the economy, which were affected by the distortions generated through the application of anatocism.” They also highlighted “that the unanimous pronouncement of the CSJN responded to one of the most critical axes of the labor agenda, whose implications made it difficult the generation of employment and the viability of companies”.
Source: Ambito
