The Uruguayan exporters could benefit from a government decision Argentina, that defined a mechanism to expedite the payment of importers, within the framework of a debt which amounts to around 200 million dollars.
The measurement, taken by the National Value Comission (CNV) Argentina, readjusted the requirements for operations of negotiable securities with settlement in foreign currency, complementary to the Bopreal, the bonus that the administration of Javier Milei to favor payment to exporters.
With this change, as he learned Argentina scope, An exception is made for operations from April 1 to compliance with the minimum holding period in the portfolio to transfer the bonds to depository entities abroad, as well as the limits and prior information regime required both to carry out said transfers and to arrange their sale with settlement in foreign currency abroad.
The changes are complementary to the regulations of the Central Bank of the Argentine Republic (BCRA) that exempts said operations from those that exclude importers from the official exchange market.
The president of the CNV, Roberto Silva, stated that the resolution seeks to “grant the same conditions to the operations of CCL complementary to the sale of Bopreal, in such a way as to be able to pay foreign suppliers their entire credit and thus facilitate the operation.”
Argentine industrial companies used Bopreal, what do they think in Uruguay?
In the neighboring country, 1 in 4 industrial companies bought Bopreal and delivered them to their suppliers, according to data from a survey carried out by the Argentine Industrial Union (UIA).
Meanwhile, in the country, the industrial sector joined the expression of approval of the export sector regarding Milei’s measures. This was made known in dialogue with Ambit the president of the Chamber of Industries of Uruguay (CIU), Fernando Pache.
“We have had a good impression that what he has determined in terms of foreign trade and the payment conditions that he has imposed, he has complied with,” Pache assured and added: “That as a first measure leaves us very satisfied from the point of view of view of the unsafety that we had been maintaining in the last year of the previous government.”
“Today, the most important obstacles have been eliminated and the authorizations to be able to export have been emerging fluidly,” he stated, referring to the elimination of the SIRAs.
Source: Ambito
