Daniel Funes de Rioja, head of the chamber of industrialists, previously warned of possible consequences due to the possible “non-rational and indiscriminate opening.”
A new measure from the national government promises to modify consumption habits in Argentine territory: a relaxation of the stocks that raises the limits of online purchases abroad and removes tariffs on shipments for the first US$400. The owner of the Argentine Industrial Union (UIA), Daniel Funes de Rioja, conducted an analysis in the hours after the announcement.
“If there are phenomena of non-rational and indiscriminate opening We are going to point them out when they affect the production process,” said the businessman and admitted that “we are worried about the arrival of an import wavethe tax aspect must be addressed quickly. “We don’t want privileges, we want equality of conditions.”
In turn, he admitted that “no one is afraid of competition“, but asked for “a balanced playing field” and listed: “Argentina has, as we all know, structural pending issues, such as tax pressure on the real economy, taxes from the formal economy, […] a very high level of informality”.
Industry Day Javier Milei Daniel Funes de Rioja
UIA Press
“There are no logistics; there is an infrastructure that is not only complex, but it is also expensive. There are still issues of labor legislation that are from the 19th century,” he lamented. “You know the amount not only of taxes that there are that put the pressure and cost of any product inside factories, when it goes on sale it has 50% tax content,” he added.
Interviewed on radio Miter, Funes de Rioja remarked: “Let’s not fool ourselves, there is a very clear battle between positions regarding this. Nobody talks about protectionism, There is talk of defense of one’s own industry. And this is being done not only by Trump’s United States, but also by Canada and the European Union. Let’s look at all those things.”
Lower taxes on online purchases abroad
The National Government announced a new relaxation of the stocks. In this case, it impacts the limit on eventual import shipments (courier).which will rise from u$s1,000 to US$3,000 per shipment for personal purchases, an amount similar to that of other countries in the region.
In addition, no tariffs will be paid for the first $400 dollars per shipment, as long as it is a good purchased for personal use. In these cases, the products will only pay VAT.
The ruling party’s argument points to access to imported products with more competitive pricesespecially for those Argentines who do not have the opportunity to travel. An impact is expected on clothing, toys and small appliances abroad. Furthermore, there is an expectation that the companies They can more quickly import the supplies, spare parts and pieces that they urgently need for their production.
Source: Ambito
